EUR/USD shows possibility to target 1.1663 - SocGen

FXStreet (Bali) - EUR/USD shows possibility to continue the correction towards 1.1663, notes Societe Generale.

Key Quotes

"EUR/USD has given a break below the multiyear triangle (1.2220) and has achieved 2010 lows of 1.1876. Weekly indicator has retraced from a resistance and shows possibility to continue the correction towards 1.1663. Only a break above 1.2220 will suggest possibility of a pullback. For the day, 1.1876 will be immediate support."