Euro: EUR/USD bearish bias converging on support – Societe Generale

Euro: EUR/USD bearish bias converging on support – Societe Generale

Source: EODHD - https://www.fxstreet.com/news/euro-eur-usd-bearish-bias-converging-on-support-societe-generale-202609291136
Published: Sep 29, 2026 7:36 AM

Societe Generale’s FX strategy team reports EUR/USD remains under pressure, trading at a three-month low and moving toward the June low at 1.1325. The bank flags support at 1.1325 and 1.1270, with resistance at 1.1410. Widening 2-year UST/EGB spreads and upcoming US PCE and NFP data are seen pulling EUR/USD closer to these vital support levels.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.