This article was first published on Orbex Forex Trading Blog.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
The euro currency broke out from its range between 1.0787 and 1.0663.
The upside breakout comes as the Stochastics oscillator points to a hidden divergence. However, a rebound off the 1.0787 could confirm further upside.
The next immediate target is at 1.0900. To the downside, there is a risk that the common currency could slip back into the range.
To keep reading this article, please navigate to: Orbex Forex Trading Blog.