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

EUR/USD and GBP/USD see some small gains, but upside still limited

The euro and sterling have made some headway against the dollar, but overall a cautious view still prevails.

EUR/USD ticks higher

Some small gains for EUR/USD over the past 24 hours have lifted the pair off recent lows, but now the $1.134 area comes into view as a potential source of resistance.

This is where gains have stalled over the last month. If this remains unbroken then the range continues to hold, frustrating both sides.

GBP/USD clings to $1.32

GBP/USD continues to bounce along near $1.32, but with rising stochastics a more bullish view might yet prevail. In any case, the continued defence of $1.32 does at least hold the bearish view relatively in check.

However, buyers need to be careful since, as we saw last week, there is plenty of selling pressure should a bounce develop.

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