Euro: Bid tone with defined ranges – Societe Generale
Societe Generale reports EUR/USD trading between 1.1569 and 1.1622 overnight, with the Euro bid above the 1.16 handle on the US–Iran MoU and lower Oil prices. They flag nearby support at 1.1555 and resistance at 1.1700, alongside sizeable option strikes around 1.1500–80 and 1.1600–60 that could influence short-term price action.
Euro supported by lower Oil prices
"EUR/USD: 1.1569 - 1.1622 overnight range."
"Euro bid above 1.16 handle on US/Iran MoU, lower oil."
"Support 1.1555, resistance 1.1700."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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