CFDs are complex instruments. 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. 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 and AUD/USD fall into key support

EUR/USD and AUD/USD fall back into key support, with the reaction proving key to forthcoming sentiment.

EUR/USD falls back into range support

EUR/USD has been on the back foot of late, with the pair dropping into the $1.1235 support level.

The price has been largely rangebound in the last three-weeks, and thus this support level does bring the possibility of a short-term rebound for the pair. A decline through the $1.1222 level would bring about a more bearish outlook.

AUD/USD at risk of bearish phase after recent decline

AUD/USD has similarly dropped back not key support, with the price trading around the notable $0.709 swing low.

While we have been in a positive position of late, this decline signals a potential end to that retracement phase. Thus watch out for whether we can recover from here or drop through support as a gauge of forthcoming sentiment.


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