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Ekonomické zprávy
18.10.2021

EUR/USD to stay below 1.1650 without a re-flattening of the US front-end - SocGen

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.”

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