EUR/USD downtrend has undergone a pause recently. Looking ahead, economists at Société Générale expect the world’s most popular currency pair to resume its decline toward 0.9535.Break below 0.9535 to open up next projections at 0.9200/0.9150
“The high formed earlier in October at 1.0000 is near-term resistance. Failure to cross this would mean persistence in the downtrend.”“The pair is expected to head lower towards the recent low of 0.9535. A break below can extend the decline towards 0.9380 and next projections at 0.9200/0.9150.”
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GBP/USD News
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EUR/USD trades below 0.9800 following the release of mixed US data. Wall Street surges amid solid earning reports, but Treasury yields are also up, reaching fresh multi-year highs.
EUR/USD News
Gold bounces towards $1,650 as USD extends decline
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