Societe Generale predicts that the EUR/USD pair, currently at 1.10827, will continue to decrease and potentially reach the 1.0880 level if it fails to protect the 1.1000/1.0970 range.

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EURUSD Chart by TradingView

EUR/USD is retracing towards upper end of previous range near 1.1000/1.0970. Economists at Société Générale analyze the pair’s technical outlook.

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