Societe Generale: the euro may continue to rise

Societe Generale analysts note that the previously observed a clear leap above $ 1.4860/65 was a positive sign for the bulls, and while in the short term, some consolidation should not be ruled out, the mood for a common European currency remains positive. According to them, if the euro will break the resistance in the $ 1.5065/85, we will see further development of the upward movement in the coming days. In the case of the materialization of this scenario, a target will be at around $ 1.5290 / $ 1.5305, while the term once again loomed on the horizon, a record for a maximum of $ 1.6038.