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Daily technical outlook for EUR/USD: Societe Generale

Wednesday, February 25, 2015 10:06 AM UTC

Quotes from Societe Generale Cross Asset Research:

-EUR/USD achieved our initial target of 1.12 and has bounced from the lower limit of a descending channel. Monthly RSI is testing a support suggesting 1.12/1.1090 as key level.

-A break below will mean further down move towards 1.08 even 1.05. Short term pullback, if any, should be confined to 1.1680/1.1710.

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Daily technical outlook for EUR/USD: Societe Generale

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