EUR/USD: Next key resistance awaits at 1.2245 – Societe Generale

FX Street

Published date: 27 Apr. 2021 | 03:41

Analysts at Societe Generale offer key technical levels for trading EUR/USD in the coming one to two months.

Key quotes

“EUR/USD has crossed above the daily Ichimoku cloud denoting extension in the ongoing rebound.

The next potential hurdles are at 1.2245 and the January peak of 1.2350.200-DMA at 1.1930 should be near-term support.

Resistance: 1.2210/1.2245, 1.2165, 1.2130.

Support: 1.2020, 1.1990.”

EUR/USD Price Analysis: Retreats below 1.2100, bullish bias remains intact

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