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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: The trend stays lower to our 1.2787/55 target. EURUSD continues to hold sideways in a tight range. However, minimal resistance at 1.2989 is still as yet untouched, leaving the risks still directly lower to our core target zone of 1.2787/55 – the 61.8% retracement of the entire 2012/14 bull trend and July 2013 low. We look for this to then ideally hold at first, for a retracement to the dramatic sell-off of the past three months. Bigger picture though, we will ... (full story)