Analysts at Societe Generale predict a 50-pips fall in EUR/USD should the August lows of 1.1660 give way.
Key quotes
“EUR/USD is approaching the low formed in August at 1.1660.”
“Defending this can result in a bounce, however, multi-month trend line near 1.1800 must be reclaimed for an extended bounce.”
“Next downside projections are located near 1.1610.”
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