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 continue
The pair saw a major move higher on Friday following the weak NFP number out of the US. While we have seen a shallow pullback overnight, the pair is pushing on once more, with the ability to break through $1.1374 key to further gains.
As such, an hourly close above $1.1374 points towards the next resistance level at $1.1415. The bullish view would come into question with an hourly close below $1.1336.