SG techs — «EUR/USD: should continue with the down move»

Société Générale chart on EUR/USD

Comments: EUR/USD: should continue with the down move.

EUR/USD faced resistance at our objective near 1.2070/1.21 which corresponds to 2012 lows. It is now confirming a Head and Shoulders denoting possibility to decline towards 1.1525 and even towards a projection at 1.1460/25, also the highs of May 2015. 1.1880 should contain the upside.
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