EUR/USD to extend its bounce on a break above 1.1410 – SocGen

A sideways consolidation is underway in the EUR/USD. Economists at Société Générale note that the pair could enjoy further gains on a break past the 1.1410 mark.

Risk of further pullback if 1.1280 breaks

“A break above daily Ichimoku cloud at 1.1410 can lead to an extension in bounce.”

“Last week's low of 1.1280 and projections of 1.1180 are short-term supports.”