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 rallies into crucial resistance zone
EUR/USD has rallied through the $1.1746 resistance level, with the pair shifting into the next major level at $1.1790.
The ability to break through this level is going to be key in determining where we go from here. With the pair relatively overextended, there is a good chance we could retrace lower from this resistance level. However, as long as we do not see a break below $1.1650, any such weakness would be seen as a buying opportunity.
.jpg)
