#EURUSD @ 1.06517 : January low of 1.0480/1.0440 is crucial support zone – 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)]

A move below the January low of 1.0480/1.0460 could see the EUR/USD pair extending its decline, economists at Société Générale report.

“January low of 1.0480/1.0440 is a potential support zone. In case this gets violated, the ongoing decline is likely to extend towards the 200-Day Moving Average at 1.0330 and projections of 1.0220/1.0200.”

“Recent pivot high of 1.0800 is likely to cap near term upside.”

See – EUR/USD: Moderately positive medium-term, not optimistic long-term – Commerzbank

[/s2If]
Join Our Telegram Group