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Oct 26 - 09:55 AM

EUR/USD: Near The Ideal Sell Zone - Credit Suisse

By eFXdata  —  Oct 26 - 09:15 AM

 Credit Suisse likes selling EUR/USD rallies into 1.02 targeting a move towards 0.92

"We acknowledge that the recent tentative shift in market expectations in favour of a less hawkish Fed policy outlook and the ongoing pullback in energy prices remove an element of urgency from our view. And there is also the possibility that an ECB announcement of measures to drain excess liquidity could be seen as initially EUR-positive," CS notes. 

"For these reasons, with EURUSD approaching the top end of our 0.92-1.02 target range for Q4 and our commitment to our end-Q4 target of 0.92 still intact, we would view further EUR strength towards the top end of our target range, to the 1.00-1.02 area, as setting the appropriate risk-reward for entering EURUSD shorts," CS adds.

Source:
Credit Suisse Research/Market Commentary

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