EUR can bounce towards December high of 1.0630 – Societe Generale
Source Fxstreet
EUR/USD briefly challenged lows of January but has quickly rebounded after forming an important low near 1.0140, Societe Generale's FX analysts report.
Above 1.0630, EUR can continue moving upwards
"It has gradually established itself above 50-DMA denoting regain of upward momentum. The pair is now probing the upper limit of a multi-month base. The MA at 1.0400/1.0385 is near term support. Defence of this can lead to persistence in bounce towards projections of 1.0580 and December high of 1.0630. Overcoming this hurdle could result in a larger up move."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Dogecoin, XRP, or OFFICIAL MAGACOIN? Which Crypto Has 15,800% Potential?As we approach March 2025, the cryptocurrency market is buzzing with speculation about which tokens could deliver astronomical returns. Three contenders stand out: Dogecoin (DOGE), the original meme coin; XRP, backed by Ripple’s institutional partnerships; and THE OFFICIAL MAGACOIN, a newcomer with explosive presale momentum. Each represents a different facet of the crypto ecosystem – […]
As we approach March 2025, the cryptocurrency market is buzzing with speculation about which tokens could deliver astronomical returns. Three contenders stand out: Dogecoin (DOGE), the original meme coin; XRP, backed by Ripple’s institutional partnerships; and THE OFFICIAL MAGACOIN, a newcomer with explosive presale momentum. Each represents a different facet of the crypto ecosystem – […]
A popular analyst has painted a fresh bullish outlook for the XRP price, putting forward a short-term target around the $3 mark. Here is the altcoin’s potential path to this price target over
The XRP market experienced a rather turbulent trading week resulting in a net loss of 7.22%. While the altcoin has shown some stability over the past day, there is no indication of price recovery.
Bitcoin price failed to gain pace for a move above the $100,000 zone. BTC again declined and is currently consolidating near the $96,000 zone. Bitcoin started a fresh decline from the $99,500 zone.
Low-income Americans probably won't see any checks from Elon Musk's new dividend plan.
Related Instrument
