What do I spy, with my little eye? It’s surely not an EUR/USD buyer is it?
Credit Suisse are looking to buy the euro (gasps of shock heard around the room) and are orders in to buy at 1.2800 for a run to 1.2990.
They are expecting an attempt by the single currency to put in a base down here and enter a consolidation/corrective phase that will be validated if the pair stays above 1.2865-69
Never fear though as they do still remain bearish overall and still have a sell order in at 1.3110. Once any correction is over they say the euro will move down towards their core bearish target of 1.2787/55 and the wider view of 1.2210 and even 1.2042.
EFX carry the shocking news of a euro buyer
