EUR/USD: Bull momentum likely to extend - SocGen

FXStreet (Bali) - In view of Societe Generale, the extension in EUR/USD is likely to continue towards 1.1340/90 and even towards 1.1536.

Key Quotes

"EUR/USD is extending the phase of rebound. The extension in rebound is likely to continue towards 1.1340/90 probably even towards 1.1536, the projected target for the pattern."

"In a volatile week the SG FX Enhanced Risk Premia strategy has kept its long exposure to higher carry and commodity currencies and established a short dollar position."