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EUR/USD is undergoing broad consolidation - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at Societe Generale, suggests that after testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation.

    Key Quotes

    “1.05 will decide about next leg of down cycle. Short term, the pair is developing a sub-range within the broader consolidation and is closing in on the upper limit at 1.1460. This is likely to be an important hurdle near term.”
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