According to Societe General, graphical level at 1.1460 will be important hurdle for EUR/USD, concluding that the current bullish retracement is likely to be limited. Key Quotes "After testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation. 1.06/1.05 will decide next leg of down cycle." "Short term though, it revisited February lows (1.08) and has achieved our advocated target (1.1250). It has probed last month highs of 1.1330/80; graphical level at 1.1460 will be important hurdle." For more information, read our latest forex news.