Wednesday, July 11, 2012

Credit Suisse: Selling EUR/USD - 11 July 2012

 
 
Wednesday, July 11, 2012
Analysts at Credit Suisse recommend going short on EUR/USD at current levels.
In their view, the fact that yesterday EUR/USD didn’t manage to overcome the $1.2340 resistance creates potential for a further decline. The next support for the pair lies at $1.2150 and $1.1985. Only a break through $1.2401/$1.2408 will let the pair reach $1.2693.

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