EURUSD seen at 1.0350 by end-Q4 – Credit Suisse

Having only been targeting 0.98 initially, economists at Credit Suisse had already admitted implicitly that their original Q4 target of 0.92 would not come close to be hit in 2022: they now set their end-Q4 EURUSD target at 1.0350.

1.0610 seems an appropriate near-term magnet

“We now target EURUSD 1.0350 by end-Q4.” 

“The EURUSD 1.0130 post-CPI low will be a tough level to crack again on for the remainder of Q4: we make this our new support level expectation.”

“On the topside, 1.0610 seems an appropriate near-term magnet.”