EUR/USD extends uptrend after channel breakout – Société Générale
FXStreetDec 4, 2025 9:42 AM
EUR/USD has broken above the upper boundary of a descending channel, extending its upward momentum while holding support at 1.1550, Société Générale's FX analysts note.
Momentum pushes EUR/USD toward 1.1730
"EUR/USD recently defended the ascending trend line established since August and gradually crossed the upper boundary of a descending channel. The upward momentum is extending following this breakout."
"The recent pivot low at 1.1550 acts as a short-term support. Defense of this could result in continuation of up move towards 1.1730, followed by the upper limit of its multi-month range near 1.1800/1.1830, which could be an important resistance zone."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
The 2026 Fed Consensus Debate: Not Hassett, It’s About Whether Powell Stays or Goes
TradingKey - Kevin Hassett, White House National Economic Council Director, is poised to succeed Jerome Powell as the next Federal Reserve Chair. This development signals a potentially more dovish monetary policy. Beyond Wall Street's focus on this outlook, the Fed's independence is also underTradingKey
4 hours ago
Why Did Strategy's Stock Price Plummet? Can MSTR Reach $1,000?
MicroStrategy (MSTR) stock, despite pressures from Bitcoin volatility and its weak core business, represents the most leveraged investment in a Bitcoin bull market. The company's stock path to $1,000 largely depends on Bitcoin's market performance. Major institutions, including Standard Chartered anTradingKey
4 hours ago
OpenAI on ‘Code Red’ Amid Crisis, But Altman Remains Its Ultimate Trump Card
TradingKey - Google's powerful AI model, Gemini 3, has delivered a significant blow to OpenAI, forcing Sam Altman's company to declare an urgent "Code Red" amid a brewing technical and brand crisis. OpenAI indeed faces immense pressure, though its vast user base may yet prove a formidable moat.TradingKey
9 hours ago
Hassett as Potential Fed Chair: Why He Could Be the Best Choice for U.S. Stocks and the Dollar
Why would Hassett be the best choice for US stocks and the US dollar if he were to become the Federal Reserve Chairman?TradingKey
Wed, Dec 3
Google Strikes Back: With Gemini 3 Dominating the Charts, Is Nvidia Still the Only Winner?
Gemini 3 Pro performance and TPU's cost advantage shatter the 'Google is doomed' narrative. This analysis details Google's full vertical integration, its resistance to the Nvidia Tax, and YouTube’s strategic data moat. Is GOOGL poised to dominate the AI endgame?TradingKey
Thu, Nov 27
