EUR/USD to grind higher towards 1.1525/1.1540 – SocGen

EUR/USD picks up pace and extends the bounce off 1.1400. In the view of economists at Société Générale, the world’s most popular currency pair is set to extend its advance towards the 1.1525/40 region.

1.1380 is first support

“EUR/USD is likely to head higher towards October low of 1.1525/1.1540.”

“Upper limit of the base at 1.1380/1.1350 is short-term support.”