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Sep 20 - 01:24 PM
EUR/USD: Looking To Sell Rallies But Not A High Conviction Call; EUR/CHF: Looking To Buy Dips - Credit Suisse
First appeared on eFXplus on Sep 20 - 11:25 AM

Credit Suisse discusses its tactical view on EUR/USD and EUR/CHF.

"Range-bound within clear 1.0926/1.1109 parameters. With EUR confirmed as the funder of choice and the FOMC as expected (dots tad hawkish) we prefer to sell rallies with a 1.1120 stop. Not high conviction," CS notes. 

"USDCHF still capped below 1.0000. Consolidation likely , patience and flexibility important, overall still range trading 0.9850-1.0000. EURCHF more inclined to buy dips and play from the long side, key levels 1.0890/1.1020. EURCHF to stabilize /rise around 1.0930-50," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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