EUR/USD set to challenge the 1.1665 August low – SocGen

EUR/USD threatens return below 1.17.  Economists at Société Générale, expect the pair to test the August low of 1.1665.

See: EUR/USD to tick down towards the August low at 1.1664 – Commerzbank

Gradually drifting towards 1.1665

“EUR/USD is looking vulnerable for a retest of the summer low of 1.1665 if it fails to defend 1.1690.”

“It would be interesting to see if it can carve out a higher trough as compared to the one in August at 1.1665. Next potential support is at projections of 1.1610.”