FXStreet reports that economists at Société Générale see the 1.1650 level to cap EUR/USD's attempts to rebound.
“So long as the 1.1530 area holds, it’s difficult to envisage the pair having a go below 1.15. It’s a similar story to the upside with 1.1625/65 barring the road to 1.17.”
“Without a re-flattening of the US front-end - FF futures are pricing 68% odds of a rate increase by June next year - it will be tricky for the tactical recovery in EUR/USD to broaden beyond 1.1650.”