6 Mar 2015
EUR/USD might move towards 1.08 – SG
FXStreet (Barcelona) - With EUR/USD’s downtrend accelerating, Analysts at Societe Generale, anticipate the pair to move towards 1.08 and even 1.05 levels.
Key Quotes
“The EUR/USD has broken below January lows and is accelerating the downtrend.”
“The monthly indicator is at an extreme; however, signs of stability are lacking.”
“The down move looks like it will deepen towards 1.08 and even towards 1.05.”
“Short term pullback is likely to be capped at 1.1270 while 1.1660 will be a key resistance.”
Key Quotes
“The EUR/USD has broken below January lows and is accelerating the downtrend.”
“The monthly indicator is at an extreme; however, signs of stability are lacking.”
“The down move looks like it will deepen towards 1.08 and even towards 1.05.”
“Short term pullback is likely to be capped at 1.1270 while 1.1660 will be a key resistance.”