Societe Generale: EUR/USD looks like holding onto 1.12-1.16 range

Sandeep Kanihama FXStreet Contributor

Societe Generale analysts suggests that EUR/USD pair is likely to stay in the 1.12-1.16 range for weeks if not months as a stronger yuan has removed one headwind.

Key Quotes

“Soft economic data & lingering existential doubts stand in the way of a push to upside until a deteriorating US economic outlook undermines USD.”

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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