Euro Holding On To 1.0787 Support


The euro currency is trading near the support level 1.0787 level.

With the Stochastics oscillator moving from the oversold level, we expect the momentum to push prices higher.

If the correction persists, then we expect a move towards a test of 1.1030.

To the downside, if the support fails near 1.0787, then we expect a move lower to the 1.0663 region.

Won't your trader friends like this?
About the Author
“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.

Leave a Reply