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EUR/USD: Test of 1.08 looks likely - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    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.”
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