All trading involves risk. Losses can exceed deposits.
Over 40 years’ heritage
Over 185,000 clients worldwide
Over 15,000 markets

Trade of the week: short EUR/GBP to 0.7300

IG technical analyst Josh Mahony says he thinks we are seeing the beginning of another move to the downside in EUR/GBP, due to a combination of strength for sterling and a weaker euro. 

All trading involves risk. Losses can exceed deposits.

He says £0.7500 is the crucial level and if it breaks that we could see it head to £0.7300. But do watch for any reversal around the £0.7500, and he would look to trim back on a move through Friday's high of £0.7650.

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. See full non-independent research disclaimer and quarterly summary.

Find articles by analysts

Education

  • Introduction to leverage

    Learn how you can use leverage to gain a large exposure to a financial market with a relatively small initial outlay. Leverage can magnify your profit, but we explain that it’s important to use it with care, because it also increases your risk of loss.

  • Pricing and funding

    In this section we offer an introduction to CFD (Contracts for Difference) trading and how it works, featuring examples and reasons to trade CFDs. We also discuss the related pricing and funding requirements.

  • Ways to short sell

    Short-selling enables traders to profit in a down market or protect existing investments. Find out how and why short-selling can become a key part of a balanced trading strategy.