CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

EUR/USD falls as GBP/USD and AUD/USD recover

The euro remains under pressure against the dollar, while AUD/USD attempts to continue its ongoing rally and GBP/USD pushes higher in the wake of the BoE meeting this morning.

EUR/USD continues to fall

EUR/USD remains under pressure from the beginning of the week, moving steadily lower.

Having broken trendline support on Monday the downtrend has intensified, with little in the way of near-term rebounds. A move through $1.082 would break trendline resistance and bring $1.092 into view. Further declines head towards the late-April low at $1.073.

GBP/USD spikes following BoE meeting

GBP/USD has spiked this morning following the Bank of England (BoE) decision, breaking through trendline resistance from the 29 April high.

Further gains head towards $1.248, and from there on to $1.265. A renewed push lower heads towards $1.225 and the 21 April low.

AUD/USD rallies from key support

A trading range has developed here, as the AUD/USD price finds support for a second time this week at $0.638, while it has yet to break resistance at $0.647.

A move above here clears the way towards last week’s highs at $0.657. Alternatively, further declines head towards $0.625 if $0.638 is broken.


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