EUR/USD: Bullish risks remain in place for the euro-dollar (Credit Suisse)

Credit Suisse's technical analysis shows that the risk is still a rise of the EUR/USD pair in the short-term:

"The EUR/USD began the week in an offensive mode and prolonged its break above the 61.8% retracement from the autumn of 2016/17 at 1.1190. This maintains the still bullish risks to test the November 2016 resistance at 1.1300. We expect new sellers to show up at this level and see a lower retracement. However, if we have a direct break above 1.1300, this would pave the way to August's high at 1.1366.

The support shifts to 1.1202/01 initially, then 1.1161. Below it, this would alleviate the upward bullish pressure to return to 1.1138. A break of 1.1076/70 is needed to signal a short-term high and a drop to 1.1023."