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Technical Setups For EUR/USD, USD/JPY, GBP/USD, AUD/USD - Credit Suisse
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Credit Suisse. EUR/USD: EURUSD holds a bearish "wedge" and a “head & shoulders” top for 1.3374 initially, then 1.3248. EURUSD continues to consolidate recent losses, and with minor resistance levels still as yet still unchallenged and a large bear "wedge" pattern and now also "head & shoulders" top in place, we stay directly bearish. We look for further weakness to 1.3399 initially, then the 50% retracement of the 2013/14 rise at 1.3374. We allow for a bounce here ahead of our ... (full story)