EUR/USD at risk of a further decline, levels to watch for a breakdown

A snippet on EUR/USD from Société Générale, says the pair continues to defend the 200 day moving average and recent low at 1.1830

  • However, a meaningful bounce has remained elusive

SG add that there is a risk of further decline if 1.1830 breaks, and

  • Daily Kijun at 1.2040 caps the upside 

SG nominate levels:

Resistance:

  • 1.2080
  • 1.2040
  • 1.1990

and Support:

  • 1.1830
  • 1.1760
  • 1.1700

Daily candles:

A snippet on EUR/USD from Société Générale, says the pair continues to defend the 200 day moving average and recent low at 1.1830

Source

Leave a Reply

Your email address will not be published. Required fields are marked *