EUR/USD: Failure at 1.1750 to trigger a pullback to March 2020 high of 1.1495 – SocGen

EUR/USD idles at 1.1650 after six days of gains. Economists at Société Générale expect the world’s most popular currency pair to see a retracement to the 1.1495/50 region on failure at 1.1750.

EUR/USD heading towards 1.1750

“EUR/USD has staged a bounce from 1.1525 and could head towards a multi month descending channel at 1.1750.”

“Failure to cross this can result in further pullback towards March 2020 peak of 1.1495/1.1450.”