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 drops into key support level
EUR/USD has been selling off sharply from the $1.1745 support level this morning, with the price approaching the crucial $1.1620 level.
This represents an important breakout point, below which we would be looking likely to see further downside come into play. However, until then, there is a good chance we could see a rebound to continue the triangle that has been in play over the past month.