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 pullbacks give long opportunities
EUR/USD saw another leg higher from $1.0710 support yesterday, continuing the uptrend and maintaining the bullish outlook. This morning’s retracement has not even come back into yesterday’s high of $1.0745 and is already starting to move higher.
Should we break below $1.0705, then things would start to look different, but until then, further upside looks highly likely.