EUR/USD: Looking For A Challenge For 1.1495 Targeting 1.1596 N-Term - Credit Suisse

Credit Suisse discusses EUR/USD technical outlook and  maintains a bullish bias in the near-term.

" Near-term, our overall bias remains higher and we look for a challenge in due course on pivotal resistance from the high for the year at 1.1495. Whilst we expect this latter level to remain a formidable barrier, a break higher at any stage would be seen completing a significant medium -term base to mark a more sustained trend higher with resistance next at 1.1571, then the 50% retracement of the fall from 2018 at 1.1596, which we would look to cap at first,' CS notes. 

" Big picture though, we suspect we could eventually see the market test its early 2018 point -of -breakdown at 1.2155.," CS adds.