Credit Suisse expects EUR/USD to stabilise around 1.0485 ahead of additional decline.

Credit Suisse report economists said that, "The EUR/USD currency pair maintains its long-standing channel support at 1.0485." But Still, the immense threats seem to be lowered

May 11, 2022 - 01:26 PM 249 views

Credit Suisse expects EUR/USD to stabilise around 1.0485 ahead of additional decline.

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© Credit Suisse expects EUR/USD to stabilise around 1.0485 ahead of additional decline.

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Credit Suisse report economists said that, "The EUR/USD currency pair maintains its long-standing channel support at 1.0485." But Still, the immense threats seem to be lowered. "

EUR/USD will eventually fall to parity.

Our approach is to watch for a consolidation phase at the diminished end of the immense potential downtrend channel from 2016 at 1.0485, but this can be watched as a momentary pause only prior to the restoration of the vital downtrend to test the 1.0341 low of 2016.

Sooner or later, we figure it out for a final drop to parity.

At the beginning, resistance is seen at 1.0642, and above that can be seen as a rebound to 1.0760/1.0860, but with this optimum capping.

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