EUR/USD to extend its raceh higher if overcomes the resistance near 1.0940 – SocGen EURUSD Banks
is fast approaching 1.0940 which could be next potential hurdle. Above here, the rebound could persist towards 1.1040/1.1080, economists at Société Générale report.“The pair has re-established itself beyond the 200DMA in December and is approaching 1.0940, the 50% retracement from 2021. This is an interim resistance.”
“If EUR/USD overcomes the resistance near 1.0940, the rebound could persist towards next projections at 1.1040/1.1080.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD refreshes eight-month high above 1.0870 as risk profile soars, US PPI in focusThe EUR/USD pair has displayed a decent upside after breaking above the critical resistance of 1.0840 in the Asian session. The major currency pair ha
Read more »
Weekly Forex Forecast \u2013Gold, EUR/USD, USD/JPY, AUD/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Read more »
EUR/USD: Weekly Forecast 15th January - 21th JanuaryUntil mid-Thursday of last week the GBPUSD traded in a rather consolidated manner, but the quiet speculative landscape disappeared and the currency pair began producing vicious moves- Forex Trading Forecast
Read more »
EUR/USD Price Analysis: Bears attacking the bullish H4 trendline supportAs per the prior analysis, EUR/USD Price Analysis: Bulls could be running into a trap, it was explained that the breakout traders had been triggered i
Read more »
EUR/USD juggles below 1.0850 as focus shifts to US PPI and Retail Sales dataThe EUR/USD pair is struggling to find any direction as the United States markets are closed on Monday on account of Martin Luther King’s Birthday. Th
Read more »
EUR/USD recedes from fresh tops near 1.0880The European currency starts the week in a positive fashion and lifts EUR/USD to new highs near 1.0880, where some initial resistance appears to have
Read more »