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EUR/USD has staged a steady rebound after forming an important trough near 0.9535 last September. The move has stalled at a multi-year ascending trend-line resistance point near 1.1070/1.1100. Economists at Société Générale analyze the pair’s technical outlook.
A retest of the upper limit of the range near 1.1070/1.1100 cannot be ruled out. However, the next leg of the uptrend can only be confirmed once the pair breaks above this zone.
Beyond 1.1100, further potential hurdles are located at 1.1270, the 61.8% retracement from 2021 and graphical levels of 1.1450/1.1495, representing the March 2020/February 2022 peaks.
In the case of a short-term down-move, the lower end of the recent consolidation phase near 1.0570/1.0510 would be a crucial support zone.
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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