EUR/USD bounce has stalled after facing interim resistance near 1.0535 earlier this week, Société Générale's FX analysts note.
"Daily MACD has been posting positive divergence and has recently crossed above equilibrium line denoting regain of upward momentum. 1.0350/1.0310, the 50% retracement of recent rebound is first support. Defence of this can lead to persistence in rebound. Beyond 1.0535, next objectives could be located at December high of 1.0570/1.0630."
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