FXStreet reports that economists at Credit Suisse believe EUR/USD can free-fall to the 1.1020/00 region.
“We look for a fall to the March 2020 high and 50% retracement at 1.1495/93 next, where we would expect a fresh pause. However, the size of the top suggests an eventual break lower will be seen, with support seen next at 1.1290.”
“Whilst we would expect a fresh hold at 1.1290, we continue to see the broader risks skewed to the downside, with support seen next at 1.1020/00.”