Credit Suisse: how to trade EUR/USD?
Trade: SELL LIMIT for EUR/USD from 1.0962, STOP LOSS 1.1036, TAKE PROFIT 1.0745
Analysts warn that the pair could bounce from 1.0820 (May low, 61.8% Fibo). However, the 1.0741 support will likely be broken in the coming days. Next target lies at 1.0660.
Break below 1.0660 will confirm the bearish triangle. Medium-term target - 1.0100/0.9900. Key resistance - 1.0965. The 1.1083/89 area will cap all the bullish moves.
Chart. Daily EUR/USD