EUR/USD: Defending the 1.1540/1.1495 support zone is critical to see a rebound – SocGen
|EUR/USD has extended its downtrend after breaching August low at 1.1664. Economists at Société Générale expect the euro to stage a rebound if the pair holds above the 1.1540/1.1495 region.
1.1540/1.1495 is crucial support
“Next potential support is at 1.1540/1.1495 representing the weekly Ichimoku cloud and the peak of March 2020. Defending this zone can result in an initial rebound.”
“1.1750 caps upside.”
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