Forex Technical Analysis - RCPL Forex

Euro: Euro plummeted 337 pips from the day’s high as it broke the psychological 1.5 mark on Friday. The pair looks extremely weak as it opened with a gap of 77 pips in the early morning session today. The hourly stochastic has corrected in the overbought region while the daily stochastic had flattened in the oversold region, thus the bias continues to remain bearish with a medium term target of 1.4550 (21 Monthly EMA). (Eur/Usd: 1.4955).


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