|

EUR/USD: Move above resistance at 1.1055 needed to ease the pressure off 1.0912/1.0833 support – Credit Suisse

EUR/USD has extended its rejection of key resistance from the 61.8% retracement of the 2021/2022 fall at 1.1275 for a decline to the 1.0912/1.0833 support cluster. Economists at Credit Suisse analyze the pair’s technical outlook.

Break below 1.0833 would warn of a more important reversal lower

The 1.0912/1.0833 support cluster – the rising 55-DMA, uptrend from last September and early July lows – needs to hold to suggest weakness is corrective ahead of strength back to 1.1152 and then a retest of 1.1275/77.

Below 1.0833 would warn of a more important reversal lower to suggest weakness can extend further yet to test the 200-DMA, currently at 1.0740, where we would expect fresh buyers to show at first. 

Above resistance at 1.1055 is needed to ease the pressure off the 1.0912/1.0833 support but with a break above 1.1152 seen needed to open the door to a retest of 1.1275/77.

Author

FXStreet Insights Team

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

More from FXStreet Insights Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull. 

Gold retreats to $4,300 area, looks to post monthly gains

Gold stays on the back foot on the last day of 2025 and trades near $4,300, possibly pressured by profit-taking and position adjustments. Nevertheless, XAU/USD remains on track to post gains for December and extend its winning streak into a fifth consecutive month.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance. 

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).