#EURUSD @ 1.08365 could extend the rally towards 1.1040/1.1080 on a break past 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 has extended its up move after breaking above the December high of 1.0730. Economists at Société Générale note that the pair could target the 1.1040/1.1080 area.
“Daily MACD has turned flattish and is at a much lower level as compared to the highs achieved in November denoting receding upward momentum. This is not a reversal signal however a pause is not ruled out.”
“December high of 1.0730 is near-term support.”
“In case the pair crosses 1.0940, the up move could extend towards 1.1040/1.1080 and April 2022 high of 1.1185.”
[/s2If]
Join Our Telegram Group
