EUR/USD to eventually see a fresh leg lower to 0.9331, potentially 0.9000/0.8905 – Credit Suisse EURUSD Banks
is expected to see consolidation around 0.9606/9592. However, the pair is expected to resume its decline towards 0.9331/03 and potentially under the 0.90 level, economists at Credit Suisse report.“A lengthier consolidation/pause is expected, but our view remains to view such a phase as temporary only and we maintain our core and long-held bearish view for a sustained move below 0.9592 in due course.
“Post a consolidation phase, we look for an eventual sustained move below 0.9592 in due course with support then seen next at 0.9331/03, and potentially as far asInformation 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.
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