Euro Breakouts From Range

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.

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“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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