This chart and analysis via Société Générale on the euro against the US dollar
EUR/USD: steady rebound
EUR/USD has pulled back towards the neckline of a double bottom confirmed last year at 1.1510/1.1450, also the 50% retracement of whole up move since 2017. This is a significant support area. Only a break below will denote a larger correction towards 1.1354 and even 1.1187/20. 1.1855/85 will be first layer of resistance
Piece dated 26 June
