EURUSD: Scope for a recovery to 1.0350/90 – Credit Suisse EURUSD Banks
“With weekly MACD momentum turning higher and with resistance from the 55-day average and downtrend from February broken we see scope for a deeper recovery to 1.0198/1.0201, potentially the key price pivot at 1.0350/90. With the falling 200-day average not far above at 1.0460, we would expect this to prove a major barrier.”
“Below 0.9704 stays needed to reassert the core downtrend for a fall back to support at 0.9592/37, with support then seen next at 0.9331/03.”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. You should do your own thorough research before making any investment decisions.
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