EUR/USD had a clear break above 1.1640 resistance, but lost momentum ahead of 1.17. Further, there is negative Stochastic divergence on the hourlies.
While the technical outlook for the Euro remains positive, a pullback seems more likely before the rally continues. Initial support is seen at 1.1635/40, followed by stronger support at 1.1585 and the rising trendline from the late June high.
