Euro chart via Credit Suisse, analyst remains bearish
Comment in brief:
- stay biased lower
- potential support for trend at 1.0758, April low at 1.0727
- a new rebound in this area 1.0758 / 27 is likely, we continue to look for a possible clear break in due time to confirm a more impulsive decline
- next significant support seen at 1.0635 March low … Overall, our bias is that it will also be removed in due course.
- Resistance at 1.0923 / 62 now ideally peaks
(Please note that the graph was printed at the start of the week)