EUR/USD declines to S2 at 1.1229

Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 40% 38% 5.0%
 Shorts 60% 62% -3.3%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Sell Sell Sell
 SAR(0.02;0.2) Sell Sell Sell
 Aggregate

During the previous trading session, the European Single Currency was resisted by the 55-hour simple moving average to pass the support level of the weekly S1 at 1.1276. On Friday morning, the rate was located at the 1.1265 mark. 

In regards to the near-term future, most likely, the currency exchange rate will depreciate to the weekly S2 at the 1.1229 mark. 

Meanwhile, the 55-hour and the 100-hour simple moving averages continue to decline the rate towards the 1.1200 level.

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