The information 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 Bank S.A. 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 and as such is considered to be a marketing communication.
EUR/USD still on the decline
The euro continues its descent, with no rebound in sight yet for EUR/USD.
The current downtrend would be broken with a move above $1.1880, but even then any rebound that fails to clear $1.21 would likely be a fresh selling opportunity. The next target on the downside is $1.1717, the December low.
.jpg)
