EUR/USD has stabilized as expected at the rising 200-day moving average (DMA), currently seen at 1.1826 and analysts at Credit Suisse continue to look for a floor here, for now at least. Big picture though, the risk is seen growing for a break lower to expose the 38.2% retracement of the entire 2020/2021 uptrend at 1.1695. Key quotes “EUR/USD has stabilized for now as expected just ahead of our target of the rising 200-day average, currently seen at 1.1826. With further price resistance not far below from the late November low at 1.1800, we continue to look for a floor in this 1.1823/00 zone, for now at least.” “Resistance for a recovery stays seen at 1.1916 initially, with 1.1933/47 still seen as a near-term key. Above here is needed to confirm a near-term floor is indeed in place, clearing the way for a recovery back to 1.1991, not only price resistance but also the 38.2% retracement of the fall from late February and 13-day exponential average, which we would expect to prove a tough initial barrier.” “Post a near-term rebound, our bias stays lower for a closing break of 1.1826 to see the risk stay directly bearish with support then seen next 1.1800 ahead of 1.1745 and then more importantly at the 38.2% retracement of the entire 2020/2021 uptrend at 1.1695, with a fresh floor expected here.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Price Analysis: 200-hour SMA continues to cap the upside, US CPI awaited FX Street 1 year EUR/USD has stabilized as expected at the rising 200-day moving average (DMA), currently seen at 1.1826 and analysts at Credit Suisse continue to look for a floor here, for now at least. Big picture though, the risk is seen growing for a break lower to expose the 38.2% retracement of the entire 2020/2021 uptrend at 1.1695. Key quotes "EUR/USD has stabilized for now as expected just ahead of our target of the rising 200-day average, currently seen at 1.1826. With further price resistance not far below from the late November low at 1.1800, we continue to look for a floor… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.