FXStreet reports that the Credit Suisse analyst team expects EUR/USD to see a closing break below support at 1.1952/45 for a fall to its 200-day average.

“We continue to look for a clear break below  the February low and 23.6% retracement of the entire 2020/2021 bull trend at 1.1952/45 for a fall to support at 1.1895/85 next – the lower end of the downtrend channel from early January and the 61.8% retracement of the November/January rally – which we look to hold at first.”

“Below 1.1895/85 in due course should see a move to 1.1845, then the 200-day average at 1.1816, where we look for a better floor on a closing basis."