EURUSD set to retract its recent gains as 200DMA caps – SocGen

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 20%
  • Publisher: 72%

EURUSD set to retract its recent gains as 200DMA caps – SocGen EURUSD Banks

United States Headlines News

United States Latest News, United States Headlines

idles below the 200-Day Moving Average at 1.0414. Therefore, the pair could struggle to extend its recent gains, economists at Société Générale report.“EURUSD is struggling to cross above its falling 200-DMA which denotes possibility of retraction in recent gains.”“Next potential hurdles are at 1.0520 and March 2020 low of 1.0630/1.0690.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EURUSD Price Analysis: Extra gains likely above the 200-day SMAEURUSD’s upside momentum remains well in place and breaks above the 1.0400 hurdle once again on Wednesday . The continuation of the recovery looks the
Source: FXStreetNews - 🏆 14. / 72 Read more »

EURUSD moderately advances to 1.0370s after retreating from the 200-DMAThe EURUSD extends its gains for the second consecutive day but struggles to hurdle the 200-day Exponential Moving Average (EMA) and retraces. The rel
Source: FXStreetNews - 🏆 14. / 72 Read more »

EURUSD really ought to pause below 1.05 – SocGenKit Juckes, Chief Global FX Strategist at Société Générale, discusses the latest news and the outlook for the main currency pairs. Of note, EURUSD sho
Source: FXStreetNews - 🏆 14. / 72 Read more »

EURUSD: The buying has probably run its course – SocGenEURUSD reined in below 200-Day Moving Average at 1.0419 after ECB reported yesterday that it may step down pace to 50 basis points in December. Theref
Source: FXStreetNews - 🏆 14. / 72 Read more »

EURUSD: Extra gains emerge above the 1.0415 level – UOBIn the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, if EURUSD breaks above 1.0415 it should put a test of 1.04
Source: FXStreetNews - 🏆 14. / 72 Read more »

Mill Valley officials pledge more arrests in massive party with over 200 juvenilesPolice cited three juveniles during Nov. 5 incident, including the one who allegedly hosted the party where it all started. Investigators have been reviewing video and conducting interviews since t…
Source: mercnews - 🏆 88. / 68 Read more »