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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.

Trading the Trend: long EUR/USD

EUR/USD remains in an uptrend but may retrace lower in the short-term around Thursday’s US inflation data.

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Since we are already short the US dollar with last week’s long AUD/USD trade, we would like to go long EUR/USD at lower levels ($1.0640) with a stop-loss at $1.0440 and an upside target at $1.1140.


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