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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

The euro, sterling and the Aussie have all recovered from their lows seen earlier in the week.

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EUR/USD continues to gain

A steady push higher continues for EUR/USD, with some early weakness this morning a possible buying opportunity.

Further gains above the 50-day simple moving average (SMA) of $1.1586 would indicate a move towards $1.17 and then key resistance around $1.18. A close below $1.15 reinvigorates the bearish case.

GBP/USD lifted by Brexit hopes

GBP/USD continues to see gains, with intraday weakness still finding buyers.

The next stop is the $1.33 area, while dips below $1.317 would potentially suggest that indecision is setting in ahead of the weekend.

AUD/USD tiptoes higher

AUD/USD’s march lower seen over the past few months has stalled over the previous week, but the recovery has been modest at best.

The first upside level to watch is $0.716, followed by the still-intact downtrend line from January, which suggests resistance around $0.72.

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