EUR/USD has surged higher again yesterday decisively breaking through the 1.3711 February peak, notes Credit Suisse. "The subsequent strong rally has already extended to just shy of the beginning of a cluster of Fibonacci resistances at 1.3800/35, which includes the 61.8% retracement of the 2011/12 bear market. We would look for fresh selling to show here," CS projects. "A direct break can target half the whole fall from 2008/10 and long-term trendline resistance at 1.3958/79. Support moves to 1.3739/23 initially, then 1.3705. Below here is needed to ease the immediate upside bias, but below 1.3662/50 to mark a ... (full story)