FXStreet reports that analysts at Credit Suisse discusses EUR/USD outlook.

“Above 1.2190 should establish a near-term ‘head & shoulders’ base to confirm a move back to the 1.2345/55 highs. Whilst we a fresh rejection from here should be catered for, we continue to look for an eventual break for a move to our 1.2518/98 core long -held target – the 2018 high and 38.2% retracement of the entire 2008/2017 bear market. We expect this to remain a major barrier. Support moves to 1.2135 initially, then the 13-day exponential average at 1.2119.”