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.

(Click on image to enlarge)

eurusd

Disclaimer: Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). ...

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