- Analytics
- News and Tools
- Market News
- EUR/USD: Sustained move above 1.2155 to pave the way for 1.2355 – Credit Suisse
EUR/USD: Sustained move above 1.2155 to pave the way for 1.2355 – Credit Suisse
FXStreet reports that analysts at Credit Suisse discuss the prospects of the EUR/USD pair.
“We continue to look for a clear and sustained move above our long-held 1.2145/55 first upside objective – the ‘neckline’ to the early 2018 top and 78.6% retracement of the 2018/2020 – to reassert the uptrend, with resistance above 1.2178 then seen at 1.2215 next, ahead of the March measured base objective” at 1.2355.”
“Big picture, we continue to look for an eventual move to 1.2518/98 – the 2018 high, 38. 2% retracement of the entire 2008/2016 bear market and 61.8% retracement of the fall from 2014 – which we expect to prove a tougher barrier.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
