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The post EUR/USD extends uptrend after channel breakout – Société Générale appeared on BitcoinEthereumNews.com. EUR/USD has broken above the upper boundary of a descending channel, extending its upward momentum while holding support at 1.1550, Société Générale’s FX analysts note. Momentum pushes EUR/USD toward 1.1730 “EUR/USD recently defended the ascending trend line established since August and gradually crossed the upper boundary of a descending channel. The upward momentum is extending following this breakout.” “The recent pivot low at 1.1550 acts as a short-term support. Defense of this could result in continuation of up move towards 1.1730, followed by the upper limit of its multi-month range near 1.1800/1.1830, which could be an important resistance zone.” Source: https://www.fxstreet.com/news/eur-usd-extends-uptrend-after-channel-breakout-societe-generale-202512040942The post EUR/USD extends uptrend after channel breakout – Société Générale appeared on BitcoinEthereumNews.com. EUR/USD has broken above the upper boundary of a descending channel, extending its upward momentum while holding support at 1.1550, Société Générale’s FX analysts note. Momentum pushes EUR/USD toward 1.1730 “EUR/USD recently defended the ascending trend line established since August and gradually crossed the upper boundary of a descending channel. The upward momentum is extending following this breakout.” “The recent pivot low at 1.1550 acts as a short-term support. Defense of this could result in continuation of up move towards 1.1730, followed by the upper limit of its multi-month range near 1.1800/1.1830, which could be an important resistance zone.” Source: https://www.fxstreet.com/news/eur-usd-extends-uptrend-after-channel-breakout-societe-generale-202512040942

EUR/USD extends uptrend after channel breakout – Société Générale

Author: BitcoinEthereumNews

Source: BitcoinEthereumNews

2025/12/04 18:47

EUR$1.1599-0.19%

MOVE$0.03883+3.43%

EUR/USD has broken above the upper boundary of a descending channel, extending its upward momentum while holding support at 1.1550, Société Générale’s FX analysts note.

Momentum pushes EUR/USD toward 1.1730

“EUR/USD recently defended the ascending trend line established since August and gradually crossed the upper boundary of a descending channel. The upward momentum is extending following this breakout.”

“The recent pivot low at 1.1550 acts as a short-term support. Defense of this could result in continuation of up move towards 1.1730, followed by the upper limit of its multi-month range near 1.1800/1.1830, which could be an important resistance zone.”

Source: https://www.fxstreet.com/news/eur-usd-extends-uptrend-after-channel-breakout-societe-generale-202512040942

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