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25.03.2021, 15:37

EUR/USD: Staying tactically bearish for 1.1695 near-term - Credit Suisse

eFXdata reports that analysts at Credit Suisse discuss EUR/USD technical outlook and maintains a tactical bearish bias in the near-term.

"We look for a close below here to reinforce our broader roadmap for further weakness to 1.1745 and eventually a fall to the 38.2% retracement of the entire 2020/2021 uptrend at 1.1695." 

"Resistance moves to 1.1873/77 initially, then 1.1896, with the recent reaction high and 13-day exponential average at 1.1933/48 now ideally capping."

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