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 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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