EUR/USD to suffer another leg lower on a break below 1.1230 – SocGen

EUR/USD dribbles below 1.13 again. Economists at Société Générale are watching out closely the 1.1380 and 1.1230 marks to decipher the next move of the world’s most popular currency pair.

Support 1.1230, resistance 1.1380

“A break above the upper band at 1.1380 will be essential for an extended bounce.”

“Break below 1.1230 can lead to next leg of downtrend.”