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. See full non-independent research disclaimer and quarterly summary.
EUR/USD heads lower
Upside momentum continues to fade here for EUR/USD, as the price pushes below yesterday’s low. A further decline will bring the $1.1662 level into play. A rally requires a move above $1.19, which would then bring $1.20 and $1.21 into view.
We will likely have to wait until US consumer price index (CPI) and retail sales data this afternoon for further clues as to whether the new week will begin with a bullish or bearish view.
.jpg)
