EURUSD broke above 1.5908 resistance. Further rise to test 1.6019 (Apr 22 high) long term key resistance is still possible later today. A break of this level will indicate that the sideways consolidation in range between 1.5284 and 1.6019 has completed, and the pair has been back to long term uptrend. As long as 1.6019 resistance holds, we’d expect down trend to resume, and pullback to retest 1.5611 level is still possible.
