By Orbex
The euro currency managed to build upon the bullish momentum from Friday.
However, after rising to intraday highs of 1.0860, the euro pulled back.
EURUSD remains stuck within the range of 1.0950 and 1.0787.
The current hidden divergence on the Stochastics suggests a possible move back to the downside.
The lower end of the range at 1.0787 could once again be tested.
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
However, watch for a possible higher-low formation. This could suggest an imminent continuation higher.
By Orbex
