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- EUR/USD: Break of the 1.1612 September low to expose support at 1.1495/85 – Credit Suisse
EUR/USD: Break of the 1.1612 September low to expose support at 1.1495/85 – Credit Suisse
FXStreet reports that Credit Suisse analyst team expects that EUR/USD break of the 1.1612 September low to expose support at 1.1495/85
“Despite the volatility the risk stays seen lower for a clear break below the 1.1612 September low with support then seen next at the 50% retracement of the rally from late June at 1.1590 and eventually what should be more important support at 1.1495/85 – the March high and 38.2% retracement of the entire 2020 rally. Should weakness extend, which is not our base case, this would warn of a more damaging reversal lower with support seen next at 1.1425/23.”
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