TECHNICAL ANALYSIS

EUR / USD technical analysis – stay bias lower


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)

Euro chart via Credit Suisse, analyst remains bearish

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