Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

EUR/USD, GBP/USD and AUD/USD surge as dollar continues to weaken

EUR/USD, GBP/USD and AUD/USD push higher once more, as the dollar comes under pressure yet again.

Video poster image

​EUR/USD drives higher yet again

EUR/USD has seen another sharp move higher this morning, with the pair breaking into a fresh 22-month high. These gains are likely to persist as the pair attempts to move back towards the long-term descending trendline (currently around $1.187).

As such, it is a case of following the short-term trend higher, with a bullish outlook in place unless the price breaks below the $1.1581 support level.

EUR/USD chart Source: ProRealTime
EUR/USD chart Source: ProRealTime

GBP/USD breaks resistance to hit four-month high

GBP/USD has also managed to push higher in early trade, with the pair pushing through the $1.2813 June peak. That level could come back into play as support as we drift lower.

However, whether that level holds or not, a bullish outlook is in play here as long as we do not break below the recent swing low of $1.2717.

GBP/USD chart Source: ProRealTime
GBP/USD chart Source: ProRealTime

AUD/USD moves higher after recent pullback

AUD/USD managed to rebound from the trendline support last week, with the pair moving lower ever since. Importantly we have broken through the first swing high of $0.7125, signalling a likely continued push higher from here.

With that in mind, a bullish outlook is in play unless we see a break below the $0.7064 level.

AUD/USD chart Source: ProRealTime
AUD/USD chart Source: ProRealTime

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Find out more

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

<h3>How much does trading cost?</h3>
<h3>Find out about IG</h3>
<h3>Plan your trading</h3>

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.