Economists at Credit Suisse Opine EUR/USD to Rally Further To 1.0788, Then 1.0944


EUR/USD has cleared key resistance at 1.0612/15. Economists at Credit Suisse look for further strength to 1.0788, then the 50% retracement and trend resistance at 1.0890/1.0944.

 “We maintain our positive outlook with resistance seen next at the 1.0788 May high and now we think as far as trend resistance and the 50% retracement of the 20211/2022 fall at 1.0890/1.0944.”

“Support at 1.04433 ideally holds to keep the immediate risk higher. Below can see a deeper corrective setback to the 200-Day Moving Average at 1.0350.”

This Post Has One Comment

  1. nimabi

    Thank you very much for sharing, I learned a lot from your article. Very cool. Thanks. nimabi

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