CS: ready to reverse into EUR/USD long
Credit Suisse maintains its short EUR/USD position from $1.3300, with a stop at $1.3435 and a target at $1.3025. However, strategists are now planning to reverse into long if the pair breaks above the stop.
In their view, the market is now technically targeting $1.3190 and $1.3105 (200-day MA). Analysts forecast a bounce from here.
Chart. Daily EUR/USD