#EURUSD @ 1.06454 to rally further to 1.0788, then 1.0944 – Credit Suisse
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EUR/USD has cleared key resistance at 1.0612/15. Economists at Credit Suisse look for further strength to 1.0788, then the 50% retracement and trend resistance at 1.0890/1.0944.
“We maintain our positive outlook with resistance seen next at the 1.0788 May high and now we think as far as trend resistance and the 50% retracement of the 20211/2022 fall at 1.0890/1.0944.”
“Support at 1.04433 ideally holds to keep the immediate risk higher. Below can see a deeper corrective setback to the 200-Day Moving Average at 1.0350.”
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