EUR/USD still very much on corrective mode - SocGen

Sandeep Kanihama FXStreet Contributor

EUR/USD, having failed to break to new highs last week, is still very much on corrective mode, suggests Kit Juckes, Research Analyst at Societe Generale.

Key Quotes

“Broadly, 1.22-1.26 is now a neutral zone and a test of something near 1.22 seems quite likely to me, particularly if tomorrow's PMI data show any signs of topping out and the ECB ‘account' on Thursday doesn't sound too hawkish. None of that alters the longer-term bullish outlook for the Euro.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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