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Important Notice: IG Markets South Africa will no longer provide Trading Accounts. This change does not affect existing International/offshore accounts. New applications will be supported by IG International, part of IG Group, via https://www.ig.com/en. Important Notice: IG Markets South Africa will no longer provide Trading Accounts. This change does not affect existing International/offshore accounts. New applications will be supported by IG International, part of IG Group, via https://www.ig.com/en.

Eurozone

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Trading the trend

Trading the trend: short EUR/USD

This week, we look at going short EUR/USD as the pair continues to decline following poor eurozone PMI data. With our stop at $1.095, above the recent highs, we are looking for a move down towards $1.07.

2024-07-24T13:22:22+0100