EUR/USD points towards an initial rebound to 1.18 - SocGen

Market news

21 September 2021

EUR/USD points towards an initial rebound to 1.18 - SocGen

FXStreet reports economists at Société Générale think that the 1.18 level is the next resistance for EUR/USD.

“Formation of a daily hammer on Monday points towards initial rebound.”

“50-DMA at 1.1800 is the first layer of resistance.”

“August trough of 1.1660 and projection at 1.1610 are next supports.”

S&P 500 Index could suffer a 20% correction lower - Morgan Stanley

USD/CAD: Loonie's weakness unlikely to be sustained - MUFG

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.