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14 Mar 2023

EUR/USD: Rebound could remain contained – SocGen

Euro limps back after scoring 1.9% gain in three days. Economists at Société Générale expect the pair to suffer a deeper decline on a break under 1.0520. 

Resistance at 1.0910/1.0940

“An initial bounce is underway, however, it would be interesting to see if the pair can reclaim 1.0910/1.0940, the 76.4% retracement of recent down move. Failure could mean persistence in correction.”  

“If the pair breaches recent trough at 1.0520, a deeper decline is likely. Next potential supports are expected to be at 1.0330 and 1.0220/1.0200, the peak of last September.”

 

Mar 14, 2023

Silver Price Analysis: XAG/USD hovers around 38.2% Fibo. level, remains below $22.00 mark

Silver reverses an early North American session dip to the $21.50-$21.45 region and jumps back closer to a one-month high touched the previous day. Th
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Mar 14, 2023

EUR/USD Price Analysis: Further upside still looks favoured

EUR/USD comes under fresh downside pressure following recent multi-week highs near 1.0750. The continuation of the uptrend appears in store for the ti
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