Technical Analysis

EUR/USD support and resistance levels ahead

Views via Société Générale on the euro, the one to two month vie:

  • EUR/USD has crossed above the daily Ichimoku cloud denoting extension in the ongoing rebound. 
  • Next potential hurdles are at 1.2245 and January peak of 1.2350.200-DMA at 1.1930 should be near term support. 

SG nominate S/R ahead for the pair.

Resistance:

  • 1.2210/1.2245
  • 1.2165
  • 1.2130

Support:

  • 1.2020
  • 1.1990

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