Market news
08.04.2021, 11:16

EUR/USD to head towards 1.1950 on a break above 1.1889 - Credit Suisse

FXStreet notes that EUR/USD strength has stalled as expected at its 200-day average at 1.1889. Whilst further near-term consolidation should be allowed for, a break in due course can expose the 38.2% retracement of the entire Q1 fall at 1.1950, the Credit Suisse analyst team briefs.

“EUR/USD strength has stalled as expected for now at the 200-day average at 1.1889 and near-term consolidation around here should still be allowed for.”

“With daily MACD momentum having turned higher though our bias is for this to be followed by a closing break higher in due course. This should then see strength extend further to the 38.2% retracement of the entire 2021 fall at 1.1948/50, potentially even the mid-March highs at 1.1990/92, but with this 1.1950/1.1992 zone expected to prove a much tougher barrier and we look for a more important cap here.”

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location