• EUR/USD: Retracement has further to go towards 1.1380 – SocGen

Market news

12 tháng 11 2021

EUR/USD: Retracement has further to go towards 1.1380 – SocGen

EUR/USD has retreated below 1.15 for the first time since July 2020. Economists at Société Générale expect the pair to extend its downtrend towards the next support at 1.1380.

Downtrend persists

“Next potential supports are 1.1380 and projections of 1.1290/1.1220.”

“Short-term upside could remain capped at 1.1610.”

 

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
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.