Société Générale are eyeing 1.1380 and 1.1230 in EUR/USD
SG say that a break of 1.1380 resistance is essential for what they see as an extended “bounce” upmove.
On the downside, analysts there are looking at a move under 1.1230 for another leg lower in the EUR downtrend.
Daily bars (candles) show what SG is referring to:
