Technical Analysis – EURUSD July 24
Posted on July 24, 2013 at 3:08 pm GMTEURUSD has been trapped in an ascending channel since July 18, from a low of $1.3066 and rising to a high of $1.3255 in the European Session on Wednesday, July 24, after being boosted by strong Euro zone PMIs. On the Daily chart the upward momentum appears intact. On the hourly chart, the pair has been choppy today but contained within a range of $1.3189 and $1.3255. Short-term technicals seem bullish, with RSI is above 50 in bullish territory and [..]