EUR/USD’ backup to last week’s high and retracement resistance at 1.3677 is expected to bring out fresh selling and a reversal lower with support initially at 1.3490 then 1.3462/44, says Credit Suisse. "Through here is needed for a retest of 1.3399/90, which protects 1.3295/94 - the recent low and 50% retracement of the July/October rally. Above 1.3577 is needed to aim at the 61.8% retracement of the Oct/Nov fall at 1.3627, then 1.3716/40. This latter area is seen as the trigger to a retest of the recent high and 61.8% retracement of the entire 2011/13 fall at 1.3833/35," CS projects. In line with this view, CS ... (full story)