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- EUR/USD: Retest of 0.9535 low could follow failure to reclaim parity – SocGen
EUR/USD: Retest of 0.9535 low could follow failure to reclaim parity – SocGen
EUR/USD downtrend has undergone a pause recently. Looking ahead, economists at Société Générale expect the world’s most popular currency pair to resume its decline toward 0.9535.
Break below 0.9535 to open up next projections at 0.9200/0.9150
“The high formed earlier in October at 1.0000 is near-term resistance. Failure to cross this would mean persistence in the downtrend.”
“The pair is expected to head lower towards the recent low of 0.9535. A break below can extend the decline towards 0.9380 and next projections at 0.9200/0.9150.”
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