EUR/USD needs to hold key support at 1.0483/63 to avoid a top– Credit Suisse EURUSD Banks
stays on course for a test of key price & 38.2% retracement support at 1.0483/63 which needs to hold to avoid a top, analysts at Credit Suisse report.“EUR/USD is seen on course to break its 1.0532 recent low for a test of key support from the 38.2% retracement of the 2022/2023 rally and early January YTD low at 1.0483/63 and our bias remains for this to hold for a broad range.”
“Above 1.0806 remains needed to reassert an upward bias for strength back to the 50% retracement of the 2021/2022 fall at 1.0944.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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