#EURUSD @ 1.08153 to extend its race higher if overcomes resistance near 1.0940 – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
EUR/USD is fast approaching 1.0940 which could be next potential hurdle. Above here, the rebound could persist towards 1.1040/1.1080, economists at Société Générale report.
“The pair has re-established itself beyond the 200DMA in December and is approaching 1.0940, the 50% retracement from 2021. This is an interim resistance.”
“An initial pullback is not ruled out however recent trough near 1.0480 could provide support. The MA at 1.0300/1.0220 should now be an important level in case a deeper pullback materializes.”
“If EUR/USD overcomes the resistance near 1.0940, the rebound could persist towards next projections at 1.1040/1.1080.”
[/s2If]
Join Our Telegram Group
