The EUR/USD pair surged above the 1.0840 mark, against the logic of fundamental analysis. From a technical perspective, the volume of long positions could have increased after the price upwardly breached the 1.0800 level. On the 30M, 1H and 4H charts, the RSI technical indicator shows signs of the euro's overbought conditions. On the 4-hour chart, the Alligator's MAs are headed upwards. It changed direction when the price suddenly jumped.



Analysis are provided by InstaForex.



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