EUR/USD outlook from Credit Suisse.

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Credit Suisse analysts provided their outlook on EUR/USD yesterday. “For now, our bias is for price and retracement resistance at 1.1495 to ideally cap – the October 2015 and April 2016 highs and 78.6% retracement of the August/December decline – with a break below 1.1144/06 needed to mark a fresh top in the range, for a slide back to 1.0883/22 initially. Above 1.1495 would suggest strength can extend back to the 1.1714 August 2015 high, and more likely 1.1808 – the 38.2% retracement of the 2014/2015 collapse” written in the report.

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