Home EUR/USD: In 1.15-1.1850 Game; Failed At The Tip & En-Route To Fail At The Bottom – SocGen
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EUR/USD: In 1.15-1.1850 Game; Failed At The Tip & En-Route To Fail At The Bottom – SocGen

EUR/USD is trading in a narrow range for quite some time. What’s next?

Here is their view, courtesy of eFXdata:
Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and thinks that price action could see a failure at the bottom of the current 1.1850-1.15 range.  
“With the US economy out-performing but Treasury yields capped, we are likely to remain in a schizophrenic range in G10FX,” SocGen notes.
EUR/GBP in a 0.86-0.90 range. EUR/USD is a 1.15-1.1850 game and having failed at the tip, we expect we’ll fail at the bottom,” SocGen argues.
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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.