The EUR/USD pair has surged above resistance at 1.1992/97 this morning, with a close above here suggesting that an important low is in place, according to the Credit Suisse analyst team. EUR/USD is breaking above key resistance at 1.1992/97, which potentially marks an important breakout “A close above 1.1992/97 would suggest we have seen a more important low established near the 1.1695 key retracement support/target (38.2% of the 2020/2021 uptrend). If seen, this should then clear the way for further strength to resistance at 1.2027 next and then more importantly at the March high and 61.8% retracement of the 2021 fall at 1.2103/13, with the potential downtrend from the 2021 high just above at 1.2127/33.” “A reversal back below 1.1992 into today’s close followed by a clear break of support at 1.1950/46 would quickly turn the risks lower again for a fall back to 1.1928/23, then 1.1883. A break below 1.1871/60 though remains needed to see a small top complete to confirm we have seen a more important topside failure, for a fall back to 1.1795 initially and eventually a retest of 1.1703/1.1695.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Price Analysis: Immediately to the upside comes in 1.2050/64 FX Street 1 year The EUR/USD pair has surged above resistance at 1.1992/97 this morning, with a close above here suggesting that an important low is in place, according to the Credit Suisse analyst team. EUR/USD is breaking above key resistance at 1.1992/97, which potentially marks an important breakout "A close above 1.1992/97 would suggest we have seen a more important low established near the 1.1695 key retracement support/target (38.2% of the 2020/2021 uptrend). If seen, this should then clear the way for further strength to resistance at 1.2027 next and then more importantly at the March high and 61.8% retracement of the 2021… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.