This euro analysis is via an overnight note from Credit Suiise, a quickie snippet:
Daily chart:
The bank lists the closest s & r (bolded are the more important levels according to CS):
- Resistance: 1.1380, 1.1399, 1.1419
- Support 1.1314, 1.1303, 1.1289
Comments (in summary):
- risks lower within its broader sideways range
- below 1339/37 would warn of a move back to the lower end of the range, with support thereafter seen at 1.1269/67, ahead of the 2018 1.1215 low
- Resistance is initially seen at 1.1399, above which can ease the immediate downside pressure for a move back to 1.1455/65. Removal of here can see a fresh challenge at 1.1508/15, where we expect to see renewed selling.
(Note, this from prior to the overnight low under 1.1330)
