EUR/USD: the euro decline is slowing and we could soon see a rebound (Credit Suisse)

Credit Suisse notes that the EUR/USD decline has slowed down on its approach of the 1.0624 level.

"The decline of the EUR/USD began to slow down as the 1.0624 support level approached. The pair could bounce back at this level, but in case of break, we could test the solid threshold at 1.0600.

The first resistance level appears at 1.0685, with a break above 1.0702 needed to mitigate bearish risks and see a recovery to 1.0753. An extension above 1.0773 is required to target 1.0827."