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 in broader downtrend
The price of EUR/USD fell back sharply yesterday, but as has happened twice this week, it found support around $1.131.
However, sustained rallies have been missing of late, as we saw yesterday with a push to $1.14. A close above $1.142 is needed to break above the recent lower high. Meanwhile, below $1.13 the price will head towards $1.1268 and then $1.1216.
.jpg)
