EUR/USD to surge higher above the 1.1910 resistance - SocGen

Market news

3 September 2021

EUR/USD to surge higher above the 1.1910 resistance - SocGen

FXStreet reports that economists at Société Générale suggest that EUR/USD should retest 1.1910.

“A return to the middle of the three-month range around 1.1965 (1.1662-1.2265) is not impossible if the dollar can’t rediscover its poise after payrolls today.”

“EUR/USD has entered daily Ichimoku cloud and could head higher towards 1.1910 with possibility to retest 200-DMA at 1.1980/1.2010.”

“Consolidation above 1.1730 will be crucial for rebound.”

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