Euro Breakouts From Range

March 25, 2020

By Orbex

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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By Orbex