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25 Oct 2021
EUR/USD: Test of 1.1730/1.1750 is on the cards – SocGen
EUR/USD stays afloat around mid-1.1600s. Economists at Société Générale expect the pair to tackle the 1.1730/50 resistance zone. A break above here would open up the 1.1910 mark.
Initial support seen at 1.1570
“EUR/USD is expected to extend its bounce after a brief pause.”
“It is inching towards a multi month channel at 1.1730/1.1750. Reclaiming this will be essential for a retest of 1.1910.”
“First layer of support is at 1.1570.”