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 rally looks set to falter again
EUR/USD has been regaining ground overnight, with the pair moving into trendline resistance.
The ability to break above $1.1550 will be key in reversing this short-term trend. As such, a bearish outlook remains unless that swing high is broken.