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 likely to resolve in move higher
EUR/USD is tracking lower this morning, following a failed attempt to break through the crucial $1.1824 level on Wednesday.
The levels to watch here are $1.1824 and $1.1740. An hourly close above $1.1824 would point towards a break higher, with $1.1847 and $1.1910 the next major resistance levels. Alternately, an hourly close below $1.1740 would signal a more bearish shift in short-term outlook.