Technical Analysis – EURUSD unlocks 1-month peak; raises optimism for bullish actions

EURUSD climbed to a new one-month top of 1.1370 earlier today, breaking the neutral range of 1.1187 – 1.1347 to the upside, which had been holding since June 11. This bullish penetration drove the momentum indicators higher sending the stochastic into the overbought territory and the MACD above its trigger line in the 4-hour chart. […]