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Sep 27 - 11:00 AM
EUR/USD: Better Awaiting Bounces Into 1.0950/60 To Sell; USD/CHF: Still Capped Below 1.00 - Credit Suisse
First appeared on eFXplus on Sep 27 - 09:10 AM

Credit Suisse discusses its latest tactical bias on EUR/USD and USD/CHF in the near-term. 

"EURUSD threatening a break of the range, however price action eminent of over-excitement at poor levels. We sense that a clean break of 1.09 is now being watched as the catalyst for fresh supply and are comfortable awaiting a move towards 1.0950/60 on the session, as opposed to chasing at current levels. Watching EURJPY through 117.45 for clues," CS notes. 

"USDCHF still capped below 1.0000, patience and flexibility important , range bound 0.9850-1.0000 with both parameters significant now,  it looks like being a roller-coaster into month-end," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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