EUR/USD found some stability, albeit at lower ground. Can it continue falling? There is one important line to watch. Here is their view, courtesy of eFXdata: Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and thinks thata break below the psychologically important 1.15 level could still be on the cards in the coming days. “A calmer market today may also tell us something about EUR/USD positioning. EUR/USD has been trying to re-couple with relative interest rates in recent days and a fresh Treasury sell-off would embolden dollar bulls who don’t need much encouragement. We struggle to see how we avoid a break below the psychologically important 1.15 level in the coming days. 1.1450 is the key support, but not terribly optimistic about that holding either,” SocGen argues. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. 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. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Wall Street pares early losses, Nasdaq advances to record high FX Street 3 years EUR/USD found some stability, albeit at lower ground. Can it continue falling? There is one important line to watch. Here is their view, courtesy of eFXdata: Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and thinks thata break below the psychologically important 1.15 level could still be on the cards in the coming days. "A calmer market today may also tell us something about EUR/USD positioning. EUR/USD has been trying to re-couple with relative interest rates in recent days and a fresh Treasury sell-off would embolden dollar bulls who don't need much encouragement. We struggle to see how we… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
