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fxJun 23, 2026, 9:34 AM

Societe Generale: Euro Inflation Scare Questioned, 1.13 Level Eyed

Societe Generale analysts point to softer Eurozone PMI price data and a dovish tone from ECB President Lagarde as key drivers for EUR/USD. They see the 1.13 handle as in focus, with support around 1.1390.

EURUSD

Societe Generale strategists led by Kenneth Broux note that the euro's inflation scare is being questioned, citing softer Eurozone PMI price components and a dovish stance from ECB President Christine Lagarde.

The bank sees the 1.13 level on EUR/USD as a key near-term target, with support identified near 1.1390. The combination of weaker inflation signals and cautious ECB rhetoric is weighing on the single currency.

Source: FXStreet Forex News