Trader, analyst and instructor with a 6-year experience

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


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