EUR/USD: Better Awaiting Bounces Into 1.0950/60 To Sell- Credit Suisse


The euro has been on the back foot, but has it gone too far? Here are opinions about EUR/USD and EUR/CHF:

Here is their view, courtesy of eFXdata:

Credit Suisse discusses its latest tactical bias on EUR/USD and USD/CHF in the near-term.

“EURUSD threatening a break of the range, however price action eminent of over-excitement at poor levels. We sense that a clean break of 1.09 is now being watched as the catalyst for fresh supply and are comfortably awaiting a move towards 1.0950/60 on the session, as opposed to chasing at current levels. Watching EURJPY through 117.45 for clues,” CS notes.

USDCHF still capped below 1.0000, patience and flexibility important, range-bound 0.9850-1.0000 with both parameters significant now,  it looks like being a roller-coaster into month-end,” CS adds.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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