EUR/USD: Temporary breather before a fall to key supports at 1.0557/1.0501 – Credit Suisse EURUSD Technical Analysis Banks
stays seen on course to test a cluster of key supports at 1.0557/1.0501, in the view of analysts at Credit Suisse.The decline in the EUR/USD has paused near term but we view this as a temporary breather.
Resistance at 1.0739/81 ideally caps on a closing basis to keep the immediate risk lower. Above can see a recovery back to 1.0832/34, potentially the 55-DMA, now at 1.0883, but with this expected to remain tough resistance.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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