EUR/USD to test the 1.1185 March 2022 high post a temporary pause – Credit Suisse EURUSD Banks
remains in a short-term consolidation phase. Economists at Credit Suisse look for an eventual break higher post this pause.“EUR/USD is still stalling below key resistance at 1.0918/44 and we stay biased towards a consolidation phase below this level. However, post this pause, we believe a breakout above here is now likely, with the next resistance seen at 1.1185.”
“Support is seen at 1.0836 initially, with a break below the low of last week and 21-day exponential average at 1.0776/67 needed to mark a near-term top and more decisive rejection, with support then seen next at 1.0736/25.”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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