EUR/USD: Holding above August low at 1.1664 is crucial to see a rebound - SocGen

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28 September 2021

EUR/USD: Holding above August low at 1.1664 is crucial to see a rebound - SocGen

FXStreet reports that economists at Société Générale suggest that defending the August low of 1.1664 level is crucial for EUR/USD rebound.

“EUR/USD is approaching the low formed in August at 1.1660. Defending this can result in a bounce, however, multi-month trend line near 1.1800 must be reclaimed for an extended bounce.”

“Next downside projections are located near 1.1610."

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