Euro chart via Credit Suisse, analyst remains bearish
Commentary in brief:
- stay biased lower
- potential trend support at 1.0758, with the April low at 1.0727
- a fresh bounce from this 1.0758/27 zone is likely, we continue to look for an eventual clear break in due course to confirm a more impulsive move lower
- next meaningful support seen at the 1.0635 low of March … Big picture, our bias is for this to also be removed in due course.
- Resistance at 1.0923/62 now ideally caps
(Please note chart print is from earlier in the week)