EUR/USD overcomes technical resistance at 1.0635, next level situated at 1.0735 – SocGen

FXStreet Insights Team FXStreet

EUR/USD accelerated through technical resistance at 1.0635. Economists at Société Générale analyze the pair’s outlook.

ECB overwhelmingly forecast to keep rates on hold

EUR/USD overcomes technical resistance at 1.0635, next level situated at 1.0735.

ECB overwhelmingly forecast to keep rates on hold. Statement likely to repeat that ‘interest rates have reached levels that, maintained for a sufficiently long duration, will make a substantial contribution to the timely return of inflation to the target’.

Discussions to curtail excess liquidity, reduce balance sheet could boost EUR/JPY and EUR/CHF.

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