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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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

FX markets continue in their quiet fashion, hampered by a lack of economic data.

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EUR/USD back to $1.15 support

EUR/USD has fallen back to the key support zone around $1.15, which has held since late May.

Gains continue to be constrained by the downtrend line from the April high, so a move above $1.1720 is needed to break the still-bearish view here.

GBP/USD remains under pressure

Bearish momentum continues for GBP/USD, ahead of another important EU summit.

We have seen the price move below last week’s low at $1.3102, so a first step would be a recovery back above this level, and then target $1.32. Support is possible around $1.3039.

AUD/USD back at support

AUD/USD continues to hover around the lows of the week, and while yesterday’s lows continue to hold, there is little sign of upward momentum.

The first area to watch is $0.7442, while a move below $0.7310 would open the way to $0.7160.

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