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Credit Suisse: EUR/USD targets $1.3710

Credit Suisse strategists turned short on EUR/USD with a stop above $1.3910 and a target of $1.3710. The pair has extended its rejection from last week’s high and key “wedge” trendline resistance at $1.3967/80, they note.

"This has seen it remove chart support at $1.3843/33, which has now set a small top. This turns focus now on trendline support at $1.3603 in a longer term." CS projects.

Chart. H4 EUR/USD

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