EUR/USD carries over gains from Friday after storming back above 1.
07. Economists at Société Générale analyze the pair’s outlook. 1.0630 is near-term support The combination of momentum and higher technicals could guide the pair towards the 200-DMA at 1.08 unless risk sentiment sours and UST/Bund spread rebounds.
The pair has formed a series of higher peaks and troughs in daily timeframe chart which highlights potential upside. 1.0630, the 38.2% retracement of recent rebound is near-term support. See:EUR/USD may slip back below 1.0700 rather than push higher to 1.0800 – ING
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