- Analytics
- News and Tools
- Market News
- EUR/USD: Break of 1.0830/06 to open up losses toward 2020 low at 1.0635 and probably lower – Credit Suisse
EUR/USD: Break of 1.0830/06 to open up losses toward 2020 low at 1.0635 and probably lower – Credit Suisse
According to economists at Credit Suisse, EUR/USD consolidation may already be over. They look for a break of key trend and price support at 1.0830/06.
EUR/USD is back under pressure
“Although further consolidation above 1.0830, the long-term uptrend from early 2017, should be allowed for we maintain our broader bearish stance and look for a sustained break of 1.0830/06 in due course to expose the 2020 low at 1.0635 and probably we now think lower.”
“Only above 1.1185 would be seen to now mark a base and an important low.”
© 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
