FXStreet reports that EUR/USD remains sidelined near-term and needs to clear 1.1930 to ease the threat of a top. Key support remains seen at 1.1754/53, analysts at Credit Suisse inform.

“Whilst the threat of a top remains a real risk the immediate risk stays seen mildly higher within the broader range whilst above 1.1799/944. Above 1.1875 is needed to clear the way for a move back to 1.1913/30, above which should see a move back to 1.2011 and eventually our 1.2145/55 first major upside objective – the ‘neckline’ to the early 2018 top and the 78.6% retracement of the entire 2018/2020 fall. We would look for a cap here for a fresh phase of consolidation.”