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EUR/USD defends 1.0800. Economists at Société Générale analyze the pair’s technical outlook.
EUR/USD rebound faced interim hurdle near 1.0980 resulting in a gradual pullback. It has dipped below the 200-DMA and is approaching recent pivot low near 1.0795/1.0760 which remains an important support. Defence of this zone could result in rebound but it would be interesting to see if the pair can re-establish beyond last week high of 1.0945. Failure could mean persistence in decline.
Break below 1.0795/1.0760 can lead to extension in down move towards February trough of 1.0695 and 1.0610.
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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