EUR/USD poised to target 1.3210 - SocGen

By FXstreet.com | Updated August 21, 2014 AAA

FXStreet (Bali) - Stephanie Aymes, Head of Technical Analysts, and Tanmay Purohit, Technical Analyst, at Societe Generale, remain bearish on the EUR/USD.



Key Quotes



"EUR/USD confirmed double top and has given a break below wedge lower limit. With weekly RSI violating graphical floor, the pair is poised to face deeper correction towards 1.3210. Short term pullback, if any, should be capped at 1.3552/61. For the day, 1.3338 will be an immediate resistance."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Forex Sentiment & Volume Analysis - EURUSD

  2. Forex News

    Forecast: Dollar Faces NFPs, Euro Anticipating Greece and Risk Languishes

  3. Forex News

    Fed Fear Builds USD, Greece Unnerves the Euro but S&P Yet to Collapse

  4. Forex News

    A glance at the strong dollar and implications - BBH

  5. Forex News

    EUR/USD: Extraordinary price action - Rabobank

Trading Center