EUR/USD threatens return below 1.17. Economists at Société Générale, expect the pair to test the August low of 1.1665.
Gradually drifting towards 1.1665
“EUR/USD is looking vulnerable for a retest of the summer low of 1.1665 if it fails to defend 1.1690.”
“It would be interesting to see if it can carve out a higher trough as compared to the one in August at 1.1665. Next potential support is at projections of 1.1610.”
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