EUR/USD to fall 50-pips on a breach of 1.1660 – Societe Generale

Analysts at Societe Generale predict a 50-pips fall in EUR/USD need to the August lows of 1.1660 supply way.

Key quotes
“EUR/USD is drawing near the low shaped in August at 1.1660.”

“Defending this can end result in a bounce, however, multi-month fashion line close to 1.1800 need to be reclaimed for an prolonged bounce.”

“Next draw back projections are positioned close to 1.1610.”

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