Societe Generale: EURUSD quietly summoning up the energy for a push to 1.2000

Technical Analysis

Author: Greg Michalowski | forex

Support at 1.1610

Societe Generale cross asset research notes that the EURUSD is still way to high when looking through the lens of any kind of yield differential.

However, they still are calling for a rise to the 1.2000 level in order to make the ECBs return next month a little more painful.   

They see the 1.1610 as a potential chart support for the pair.

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