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27 Dec 2021

EUR/USD: At risk of falling below the 1.10 next year – Credit Suisse

USD strength is set to broaden out. Economists at Credit Suisse expect the EUR/USD pair to move downward to 1.1019/02 and potentially beyond.

The EUR Effective Exchange Rate (ECB) can weaken further in its own right to test its 2020 low at 94.88

“We maintain our view for further EUR/USD weakness yet with our core objective remaining at 1.1019/02, the 78.6% Fibonacci retracement of the 2020/2021 bull trend and the ‘neckline’ to the base from April/May 2020 and now also the long-term uptrend from 2000. We continue to look for this to ideally hold for what we think could be a lengthy sideways ranging phase.” 

The EUR Effective Exchange Rate (ECB) is currently consolidating at key support at the 38.2% retracement of the entire 2015/2020 bull trend but if this were to be conclusively removed this would suggest the EUR can weaken further in its own right to test its 2020 low at 94.88, a decline of 2.3% from current levels. This on its own would be sufficient to see EUR/USD down at 1.1019/02 but if the USD continues to strengthen in tandem this would suggest the broader risk would be for a move below 1.1000 post a consolidation phase, and a fall to potential trend support at 1.0800.”

 

Dec 27, 2021

Silver Price Analysis: XAG/USD to dive towards $17.00 on a breach of $21.68/42 – Credit Suisse

Silver has extended its recent and definitive rejection of its key falling long-term 200-day moving average (DMA) for a retest of its major support at
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Dec 27, 2021

S&P 500 Index set to race higher above the 5000 level – Credit Suisse

Economists at Credit Suisse look for the S&P 500 Index to move to 4970/5000, potentially as far as 5200. Strength to not extend above 5200 “We look fo
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