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 continues gradual rally
EUR/USD continues to rally in a continuation of the gradual move higher seen yesterday.
Given that we saw such a strong rally on Thursday, this move seems like a continuation of that and thus further upside is expected.
Key near-term resistance levels to watch are $1.0936, $1.0950 and $1.0981. A closed candle below $1.0879 would bring a more bearish view, with $1.0869, $1.0840 and $1.0830 the nearest support levels.