Meanwhile, markets were broadly calmer on Thursday after Credit Suisse said it would borrow up to $54 billion from the Swiss National Bank to shore up liquidity and investor confidence. The bank's shares sank like a stone by 30% on Wednesday.EUR/USD´s daily chart is meeting the daily support and is capped by daily resistance. While on the backside of the prior bullish trend and resisted below 1.0700, the bias is for a break of the horizontal support of 1.
The hourly chart has seen the price resisted below a 50% mean reversion after piercing the horizontal support. If the bears commit, then a break of the support will put the -272% Fibo in focus near 1.0450. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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