Monday 24th July: Daily Technical Outlook and Review

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EUR/USD EUR/USD had a clear break above 1.1640 resistance, but lost momentum ahead of 1.17. Further, there is negative Stochastic divergence on the hourlies. While the technical outlook for the Euro remains positive, a pullback seems more likely before the rally continues. Initial support is seen at 1.1635/40, followed by stronger support at 1.1585 and … Continue reading Monday 24th July: Daily Technical Outlook and Review