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.

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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