Search ForexCrunch

Analysts at Societe Generale offer their technical outlook for trading the EUR/USD pair in the day ahead.

Key Quotes:

EUR/USD has pulled back towards the neckline of a double bottom confirmed last year at 1.1510/1.1450, also the 50% retracement of whole up move since 2017. This is a significant support area.

Only a break below will denote a larger correction towards 1.1354 and even 1.1187/20. 1.1855/85 will be the first layer of resistance.”