2 Mar 2016
EUR/USD: Test of 1.08 looks likely - SocGen
Research Team at Societe Generale, suggests that after a sharp rebound, EUR/USD faced stiff resistance at upper limit of a daily channel.
Key Quotes
“With weekly indicator close to resistance, graphical levels at 1.1440/60 will remain key hurdle. It is breaching the channel support and test of early February low at 1.08 looks likely. This will confirm if a revisit of 1.0570/1.05 takes shape.”
Key Quotes
“With weekly indicator close to resistance, graphical levels at 1.1440/60 will remain key hurdle. It is breaching the channel support and test of early February low at 1.08 looks likely. This will confirm if a revisit of 1.0570/1.05 takes shape.”