EUR/USD: Credit Suisse bank says market should continue to sell rallies, aim for 1.05 in the short term

Credit Suisse believes that the EUR/USD remains bearish, and advises traders to sell rebounds and target 1.05 over a 3-month period.

"We are lowering our 3-month EUR/USD forecast to 1.05 against 1.17 previously, reflecting the likely overflow of UK concerns to the rest of Europe.

Now that the Brexit vote is officially over, we believe that the market will systematically sell EUR/USD rebounds."