I am personally short the EURUSD at the start of the London session.
If you are looking for a Bullish scenario then maybe follow Credit Suisse who say
Support is seen at 1.0510 initially, with the low from Friday and
13-day exponential average at 1.0428/1.0397 ideally holding on
a closing basis to keep the immediate risk higher. A close lower
can see a deeper setback to 1.0305/1.0290.
The Credit Suisse House View is neutral on EURUSD on a 3-6
month horizon.
We stay bullish for key retracement resistance at
1.0612/15. Support is seen at 1.0510, then 1.0428.
If you are looking for a Bullish scenario then maybe follow Credit Suisse who say
Support is seen at 1.0510 initially, with the low from Friday and
13-day exponential average at 1.0428/1.0397 ideally holding on
a closing basis to keep the immediate risk higher. A close lower
can see a deeper setback to 1.0305/1.0290.
The Credit Suisse House View is neutral on EURUSD on a 3-6
month horizon.
We stay bullish for key retracement resistance at
1.0612/15. Support is seen at 1.0510, then 1.0428.
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