EUR/USD: Not yet minded to try to fade the topside of the 1.0130-1.0610 range – Credit Suisse

EUR/USD rose to the highest levels since June, at around 1.0595, by the start of this week. Still, economists at Credit Suisse stick to their 1.0130-1.0610 range set for the rest of 2022.

Not yet minded to try to fade range extremes

“As things stand, we are not yet minded to try to fade the topside of our anticipated EUR/USD 1.0130-1.0610 range, even if this week’s highs get re-tested.” 

“As well as positioning, lower oil prices, an improved China story and possible strong euro area wage data are near-term risks.”