EUR/USD to rally further to 1.0788, then 1.0944 – Credit Suisse

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.

Support at 1.04433 ideally holds to keep the immediate risk higher

“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.”