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fxJun 17, 2026, 8:12 AM

EUR/USD Rebound Eyes 200-DMA Hurdle – Societe Generale

Societe Generale notes EUR/USD has bounced after defending the April low near 1.1500, but the rally now faces a key test at the 200-day moving average with no clear breakout signal yet.

EURUSD

Societe Generale analysts observe that EUR/USD has rebounded after successfully defending the April low at 1.1500. However, the recovery is approaching a significant resistance level in the form of the 200-day moving average.

The report suggests that while the pair has shown resilience, there are no definitive signs of a broader trend reversal. The 200-DMA remains a critical hurdle that could determine the next directional move.

Traders are watching whether the euro can sustain its upward momentum or if the resistance will cap gains, keeping the outlook neutral for now.

Source: FXStreet Forex News