#EURUSD @ 0.99442 -imp levels: set to slide towards the 0.9609/0.9592 region – Credit Suisse
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EUR/USD has broken to new 2022 lows. Despite the stalling on Tuesday at the 78.6% retracement support at 0.99, analysts at Credit Suisse continue to look for an eventual break for a move to their 0.9609/0.9592 next objective.
“Whilst we may see the 78.6% retracement of the 2000/2008 uptrend at 0.99 hold near-term, we continue to look for an eventual break for a move to our 0.9609/0.9592 next objective.”
“Resistance is seen moving to 1.0097 initially, with the 55-day average at 1.0285 now ideally capping further strength if seen.”
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