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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 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.

FX levels to watch: EUR/USD, GBP/USD, AUD/USD

The euro’s better morning has not been reflected in cable, which has not been able to recover the mid-week highs.

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EUR/USD stages a recovery

Euro bulls continue to take charge of EUR/USD, with early gains this morning heading towards the $1.1660 area that has provided resistance over the past two sessions.

A move above here opens the way to the $1.1736 area, and then $1.18, creating higher highs on the way. A close below $1.1530 is required to create a new lower high.

GBP/USD tiptoes higher

The price for GBP/USD has pushed higher over the past couple of days, but remains unable to move on above $1.2980.

From here $1.3040 is the next area to watch, and then onto $1.32. A move below $1.2860 would be potentially bearish, and open the way to $1.2773 and then $1.2635.

Tariff fears hit Aussie

Trade concerns continue to weigh on the currency, with the AUD/USD price back to the $0.7160 area that has held over the past few days.

A close below $0.7160 would open the way to $0.7016. Any rebound that fails to move back above $0.7364 would still be a possible selling opportunity.

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