November 30, 2023

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:

eurusd support and resistance  05 January 2022

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