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

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

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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