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- EUR/USD: Sellers stand ready to pounce again targeting levels close to 1.17 - Societe Generale
EUR/USD: Sellers stand ready to pounce again targeting levels close to 1.17 - Societe Generale
EUR/USD: Sellers stand ready to pounce again targeting levels close to 1.17 - Societe Generale
FXStreet reports that economists at Societe Generale note that EUR/USD is trading above the 15-week low of 1.1764 but bias stays negative as dip buyers miss conviction to keep the pair over 1.18.
“EUR/USD is probing the multi month ascending trend line (1.1770) however signals of a rebound are still not visible.”
“Recent peak at 1.1900 should cap upside.”
“Next potential supports are 1.1745 and March low of 1.1700.”
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