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8 Jan 2015
EUR/USD shows possibility to target 1.1663 - SocGen
FXStreet (Bali) - EUR/USD shows possibility to continue the correction towards 1.1663, notes Societe Generale.
Key Quotes
"EUR/USD has given a break below the multiyear triangle (1.2220) and has achieved 2010 lows of 1.1876. Weekly indicator has retraced from a resistance and shows possibility to continue the correction towards 1.1663. Only a break above 1.2220 will suggest possibility of a pullback. For the day, 1.1876 will be immediate support."
Key Quotes
"EUR/USD has given a break below the multiyear triangle (1.2220) and has achieved 2010 lows of 1.1876. Weekly indicator has retraced from a resistance and shows possibility to continue the correction towards 1.1663. Only a break above 1.2220 will suggest possibility of a pullback. For the day, 1.1876 will be immediate support."