eurusd29052020EUR/USD has seen a conclusive break above key 200-day average/price resistance at 1.1009/19 to turn the core trend higher, with resistance seen at 1.1145/66 next and eventually at 1.1369, per Credit Suisse.

EUR/USD strength has accelerated sharply after the conclusive break above its early May high and 200-day average at 1.1009/19 and with long-term uptrend support from 2000 having also held in March/April/May this sees the core trend turn higher with the next resistance test seen at 1.1145/66 – the late March high and 61.8% retracement of the March collapse.