Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.

EUR/USD, GBP/USD and AUD/USD weakness likely to continue

EUR/USD, GBP/USD and AUD/USD declines ease, yet further weakness looks likely.

EUR/USD sell-off likely to continue

EUR/USD has been hit hard of late, with traders flocking to the US dollar. This is likely to continue, with a break below yesterday's low needed to send this bearish train back in motion.

Should we see any upside from here, it is likely to be stifled by the continued creation of lower highs. Thus, a bearish outlook remains in place unless we see a break through $1.0982 resistance.

GBP/USD consolidates after sharp declines

GBP/USD continues to lose ground, with the pair hitting fresh 35-year lows this week. The price is consolidating this morning, yet it is likely we will soon see further downside to continue the trend.

A beak below the $1.1451 support level would bring the next sell signal, while a rise through $1.1663 would point towards a retracement of the sell-off from $1.2128 level coming into play.

AUD/USD rebound brings potential selling opportunity

AUD/USD has managed to rebound back towards trendline resistance overnight, bringing a potential selling opportunity within a clear downtrend.

A rally through $0.5816 would bring about a more bullish view, yet bearish positions are preferred until such a break occurs.

This information has been prepared by IG, a trading name of IG US LLC. This material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. You should not treat any opinion expressed in this material as a specific inducement to make any investment or follow any strategy, but only as an expression of opinion. This material does not consider your investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. No representation or warranty is given as to the accuracy or completeness of the above information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. Any research provided should be considered as promotional and was prepared in accordance with CFTC 1.71 and designed to promote the independence of investment research. See our Summary Conflicts Policy, available on our website.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.8 pips on EUR/USD
  • Analyze market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Live prices on the most popular forex markets


Prices above are subject to our website terms and agreements. Prices are indicative only

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading forex provider.

Stay on top of upcoming market-moving events with our customisable economic calendar.