This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
EUR/USD aims to build on strong support
A tentative recovery is in place here, after EUR/USD's attempt at a rally yesterday was knocked back.
However, the price succeeded in holding above the lows of last week around $1.2260, so if this continues to hold the case for the upside increases. A close above $1.2360 would be an encouraging sign, and would open the way to $1.25 and higher. A drop back below $1.2260 would suggest more losses are likely, with $1.2165 and $1.2092 as potential support.
.jpg)
