EUR/USD: At risk of falling towards 1.1180 on a break under 1.1280 – SocGen

EUR/USD touched a fresh weekly low of 1.1288 but has managed to rebound. Economists at note that the world’s most popular currency pair could dive to the 1.1180 mark on failure to hold 1.1280.

Risk of decline if 1.1280 breaks

“A break below last week low of 1.1280 can take the pair towards 1.1260 and projections of 1.1180.”

“First hurdle is at 1.1410.”