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."



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