The EUR/USD pair has broken to the upside and moved up to just shy of 1.09 as markets simultaneously upgrade their assessment of the Euro and downgrade their assessment of the US Dollar.
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The Euro-Dollar exchange rate could be about to shift into a more positive technical structure argue analysts at Credit Suisse.
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The EUR/USD has pulled back to the trendline joining the tops of the previous range highs and now looks poised to regain momentum higher.
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EUR/USD overcame selling pressure in the 1.0800 zone and successfully pierced above a key trendline capping the range highs, signifying a bullish breakout, which has increased the likelihood of an …
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If there is any further upside for the EUR/USD pair in the week ahead then it should be taken as an opportunity to short the pair “anew” say analysts at France’s Credit Agricole.
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EUR/USD has climbed from its February lows in the 1.05s to a current market rate of 1.0755.
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