Tuesday, April 7, 2020 7:14 AM EDT
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.
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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). Orbex LIMITED is licensed to provide Investment Services (Reception & Transmission, Execution and Dealing on own account) and Ancillary Services.
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