EUR/USD faces another battle to defend 1.1700 – SocGen

EUR/USD is once again challenging the trough of March at 1.1700. The next cushions are seen at 1.1640  and 1.1610, economists at Société Générale brief.  

Signals of rebound still not visible

“Signals of an extended bounce are still not visible.”

“Break below 1.1700 can lead to persistence in decline towards projections of 1.1640 and 1.1610.”