Trader, analyst and instructor with a 6-year experience

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

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