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. Investing

    EUR/USD Falls During Wednesday Trading

  2. Forex News

    EUR/USD hovers around 1.1300, German labour report in focus

  3. Forex News

    EUR/USD failure to break above 1.1320/15 – DayTradeIdeas

  4. Forex News

    EUR/USD steadies below 1.1300 post FOMC, German CPI eyed

  5. Forex News

    Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

Trading Center