EUR/USD: 1.0860/1.0900 TO BE A SHORT-TERM RESISTANCE ZONE, COULD CAP UPSIDE – SOCGEN

avatar
· 閱讀量 65




Economists at Société Générale analyze EUR/USD technical outlook.

Next important support zone is located at 1.0510/1.0480

EUR/USD has extended its phase of correction towards an interim trough near 1.0630. The down move has paused however a meaningful bounce has not yet materialized; 1.0860/1.0900, the 61.8% retracement of the down move is likely to be a short-term resistance zone. Failure to overcome it 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。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest