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 turns lower once more
Having spent the past few days trying to break back above $1.1662, and failing, EUR/USD is now turning lower once again.
Last Friday’s low of $1.1574 will come into play if we see additional losses, with the $1.1489 area the next zone to watch. A close above $1.1662 is needed to reverse the bearish outlook.