Daily Forex Technical Strategy (Tues 23 Jul)

//Daily Forex Technical Strategy (Tues 23 Jul)

EUR/USD – Push down to retest range support. The pair has broken below the 1.1240 lower limit of the short-term neutrality zone as per highlighted in our previous report (click here for a recap). As the hourly Stochastic oscillator has started to inch up from an extreme oversold level, the pair may stage a bounce at this juncture back towards the 1.1245 intermediate resistance. Flip to a bearish bias in any bounces below the 1.1285 short-term pivotal resistance for another round of potential push down to retest the 1.1180 neckline support of the “Head & Shoulders” configuration and below exposes the 1.1130/1120 … (full story)