EURUSD dailySociete Generale Research sees a limited scope for EUR/USD downside in the near-term, and highlights the importance of the 137.50 level in
EURUSD daily
Societe Generale Research sees a limited scope for EUR/USD downside in the near-term, and highlights the importance of the 137.50 level in USD/JPY.
“We think EUR/USD is finding a base here, partly because the US
rates market has priced a lot in now, and partly because the European
rates market has more to price in,”SocGen notes.
“The USD/JPY 200-day average is at 137.70 and if that were to
break, it would trigger a spike down for the yen, at least temporarily,”
SocGen adds.
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