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Economists at Société Générale analyze EUR/USD technical outlook.
The pair has formed an interim trough near 1.0630. An initial bounce is underway, however, it would be interesting to see if it can reclaim 1.0860/1.0900, the 61.8% retracement of the down move. Failure could mean possibility of one more down leg.
Next important support zone is located at 1.0510/1.0480 representing low of March and the 200-DMA. In case the pair fails to defend it, there would be risk of a larger downtrend.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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