EUR/USD: Failure at 1.1750 to trigger a pullback to March 2020 high of 1.1495 – SocGen

Market news

21 October 2021

EUR/USD: Failure at 1.1750 to trigger a pullback to March 2020 high of 1.1495 – SocGen

EUR/USD idles at 1.1650 after six days of gains. Economists at Société Générale expect the world’s most popular currency pair to see a retracement to the 1.1495/50 region on failure at 1.1750.

EUR/USD heading towards 1.1750

“EUR/USD has staged a bounce from 1.1525 and could head towards a multi month descending channel at 1.1750.”

“Failure to cross this can result in further pullback towards March 2020 peak of 1.1495/1.1450.”

United Kingdom: Gfk Consumer Confidence, October -17 (forecast -16)

Commodities. Daily history for Wednesday, October 20, 2021

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.