This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
EUR/USD hits new three-year high
EUR/USD has punched through a crucial resistance level this morning, as news of a breakthrough in German coalition talks seemingly raising the chances of a continued Angela Merkel leadership.
The push through $1.2092 provides a new three-year high, and moves the pair into a region with very little resistance within close proximity. As long as the price remains above $1.2027, a bullish view remains in place, with retracements or period of consolidation looking like buying opportunities.
.jpg)
