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Jul 12 - 05:00 PM
EUR/USD, EUR/JPY: A Push Towards 200d MA To Target 1.20, 132/133 Respectively - Credit Suisse
First appeared on eFXplus on Jul 12 - 02:58 PM

Credit Suisse discusses EUR/USD and EUR/JPY technical outlook and flags possible bullish targets towards the 200d moving average in the 2 pairs.

"In the case of EURUSD, we can envisage a push towards the 200-day moving average around 1.2000 in the weeks ahead if the pair can close above 1.1850.

As for EURJPY, we suspect the break above June highs near 130.40 opens the door for the market to target the 200-day moving average around 132.00 as a first stop ahead of April's highs just above 133.00, where we would expect solid resistance to hold unless there is a major positive surprise from Italy," CS argues. 

Source:
Credit Suisse Research/Market Commentary

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