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EUR/USD trades near three-month low as Societe Generale points to support
Societe Generale cites support at 1.1325 and 1.1270, with EUR/USD resistance seen near 1.1410.
Societe Generale’s FX strategy team said EUR/USD remains under pressure, trading at a three-month low and moving toward the June low at 1.1325, according to an FXStreet write-up.
The bank identified support levels at 1.1325 and 1.1270, while resistance is seen around 1.1410.
FXStreet also noted Societe Generale expects widening 2-year UST EGB spreads and upcoming US PCE and NFP data to pull EUR/USD toward those key support levels.
Latest closeEUR/USD 1.137 ▼0.1%
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