#EURUSD @ 0.98662 : The hurdle for a return towards the low nearer 0.9550 is high – 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 advanced for a fourth day on Monday. If bad news is ‘in the price’, the pair is unlikely to slip back to the 0.9550 low, economists at Société Générale report.
“The bad news is priced in and so the hurdle for a return towards the low nearer 0.9550 is high even with the German economy flirting with recession.”
“The 0.9950 area is significant resistance for those targeting a test of parity.”
See – EUR/USD: There will likely be a deadlock for now – Commerzbank
[/s2If]
Join Our Telegram Group
