- Analytics
- News and Tools
- Market News
- EUR/USD: Hawkish message by the ECB could steer Euro over 1.06 – SocGen
EUR/USD: Hawkish message by the ECB could steer Euro over 1.06 – SocGen
EUR/USD maintains bid tone around 1.05. Hawkish ECB hike and QT plan could spark buying through 1.06, economists at Société Générale report.
200DMA at 1.0350 is near term support
“Optimism of a shallower recession in the euro area and a hawkish message by the ECB on Thursday could steer EUR/USD over 1.06. Next potential hurdle is at the March 2020 low of 1.0630/1.0690.”
“Technically, the return over the 200-Day Moving Average at 1.0350 in mid-November supports the view that the tide has turned.”
“A stronger Euro would lighten the burden on the ECB in its battle against inflation via commodity prices and nonenergy/industrial goods priced in Dollar.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
