EUR/USD is Undergoing Broad Consolidation - SocGen
Research Team at Societe Generale, suggests that after testing key
levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation.
Key Quotes
“1.05
will decide about next leg of down cycle. Short term, the pair is
developing a sub-range within the broader consolidation and is closing
in on the upper limit at 1.1460. This is likely to be an important
hurdle near term.”
(Market News Provided by FXstreet)
