EUR/USD eyes next resistance zone at 1.0630/1.0690 – SocGen EURUSD Banks
is inching towards next resistance zone of 1.0630/1.0690. Failure to surpass this area could lead to a short-term pullback, economists at Société Générale report. “EUR/USD has given a break above the brief consolidation since mid-November; this crossover highlights the bounce is likely to persist.”
“EUR/USD has recently reclaimed its 200DMA and ideally this Moving Average should provide support should a pullback develop. Failure can lead to a revisit of the lower end of recent consolidation zone near 1.0220.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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