EURUSD seen at 1.0350 by end-Q4 – Credit Suisse
|Having only been targeting 0.98 initially, economists at Credit Suisse had already admitted implicitly that their original Q4 target of 0.92 would not come close to be hit in 2022: they now set their end-Q4 EURUSD target at 1.0350.
1.0610 seems an appropriate near-term magnet
“We now target EURUSD 1.0350 by end-Q4.”
“The EURUSD 1.0130 post-CPI low will be a tough level to crack again on for the remainder of Q4: we make this our new support level expectation.”
“On the topside, 1.0610 seems an appropriate near-term magnet.”
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