EUR/USD TO EXTEND ITS RALLY TO 1.0892/1.0944 – CREDIT SUISSE

EUR/USD swings on average 1.06 seconds. Credit Suisse economists expect the pair to rise to 1.0892/1.09 . CONTINUED STRENGTH IN THE FIRST QUARTER OF 2023 „We expect continued strength in the first quarter of 2023, supported by broad spreads between the US and Europe.” „We support our current bullish direction of 1.0892/1.09 – 2021/2022 downtrend and broken trendline resistance 50% retracement of early 2017 and ideally at the top of a wide range. However, if strength extends straight, we will see resistance then at 1.1185: in, maybe 1.1275 „Support to define the lower end of the possible range is 1.0223/1.0198.”

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