21 Jan 2015
Credit Suisse: EUR/USD might see parity – eFXnews
FXStreet (Barcelona) - The eFXnews Team note Credit Suisse’s expects EUR/USD to head towards 1.0836/1.0765 levels in the longer term, and in the bigger picture see scope for parity.
Key Quotes
“Longer-term, CS' core target though remains at a cluster of supports at 1.0836/1.0765, which includes the 50% retracement of the entire uptrend from 1985.”
“"An overshoot to multi-year trend support at 1.0588 should be allowed for, but we would expect this to hold at first," CS argues.”
“"Bigger picture though, we see scope for parity," CS projects.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Longer-term, CS' core target though remains at a cluster of supports at 1.0836/1.0765, which includes the 50% retracement of the entire uptrend from 1985.”
“"An overshoot to multi-year trend support at 1.0588 should be allowed for, but we would expect this to hold at first," CS argues.”
“"Bigger picture though, we see scope for parity," CS projects.”
This content has been provided under specific arrangement with eFXnews.