Sell EUR/USD Into 1.3800, Add Blow 1.3524

EUR/USD has rallied up through the 78.6% retracement of the October/November fall at 1.3717, notes Credit Suisse. "This keeps the immediate bias higher to again retest important resistance at 1.3833/35 – the 61.8% retracement of the 2011/12 fall and October high. We again expect selling here and, a turn lower. Beyond would allow a push up to long-term trendline hurdles and half the whole 2008/12 fall at 1.3924/58," CS projects. "Support moves to 1.3733 initially, with 1.3694 needing to hold to keep the immediate risk higher. Below can see a move back to 1.3620, with removal of .... read full story