EUR/USD: Holding 1.1570 is essential for further rebound – SocGen

EUR/USD is struggling to hold 1.16. Economists at Société Générale note that the pair needs to stay above the 1.1570 level to see further gains.

Break above 1.1730/1.1750 resistance zone to open up 1.1910

“Reclaiming multi month channel at 1.1730/1.1750 will be essential for extended rebound towards 1.1910.”

“First support is at 1.1570.”