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: 2025.02.24
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EUR can bounce towards December high of 1.0630 - Societe Generale
World FX news
Breaking news
EUR can bounce towards December high of 1.0630 - Societe Generale
New
2025.02.24 19:03
2025.02.24 19:03
2025.02.24 19:03
EUR/USD briefly challenged lows of January but has quickly rebounded after forming an important low near 1.0140, Societe Generale's FX analysts report.
Above 1.0630, EUR can continue moving upwards
"It has gradually established itself above 50-DMA denoting regain of upward momentum. The pair is now probing the upper limit of a multi-month base. The MA at 1.0400/1.0385 is near term support. Defence of this can lead to persistence in bounce towards projections of 1.0580 and December high of 1.0630. Overcoming this hurdle could result in a larger up move."
Last updated
: 2025.02.24
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USD/JPY aims to extend upside to near 150.00 as Yen weakens across the board
The USD/JPY pair advances to near 149.80 in North American trading hours on Monday.
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2025.02.24 21:35AUD/USD falls back from 0.6400 as US Dollar bounces back
The AUD/USD pair pares gains after rising to near 0.6400 in late European trading hours on Monday.
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BoC Governor Macklem said Friday the economy was on a 'better footing' on the back of a pickup in consumer demand but noted again that the consequences of a trade war with the US would be 'severe' and the threat of tariffs was already doing economic harm, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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2025.02.24 21:13EUR firms briefly on German election - Scotiabank
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2025.02.24 20:38USD/JPY: To retest the 148.90 level - UOB Group
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2025.02.24 20:28Disclaimer:
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