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 pauses for breath
EUR/USD remains well off the highs from the beginning of the week, but it is still holding the rising trend from the November lows.
It has failed to move back above $1.1880, which would clear the way to test the Monday highs, above $1.1950. Meanwhile, a push below Wednesday’s low of $1.1817 would likely signal that the November rally has run its course.