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Where To Sell EUR/USD? - Credit Suisse, Barclays, UBS, SocGen

From efxnews.com

As EUR/USD is drifting lower again Credit Suisse, Barclays Capital, UBS, and SocGen provide their views and tactical strategies on the important levels if considering a short position. Credit Suisse: "EURUSD has been capped below the 50% retracement of the recent fall and the 55-day average at 1.1117/32, and reversed lowe," CS notes. "Beneath 1.0925 can open up a retest of the more important price lows at 1.0819/09. Near-term resistance moves to 1.1022. Above 1.1080/85 is needed to retest 1.1117/32," CS adds. CS runs a limit order to sell EUR/USD at 1.1020, with a stop at 1.1080 and a target 1.0820. Barclays: ... (full story)

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