EUR/USD dropped below 1.1800

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs48%46%4.2%
Shorts52%54%-3.9%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

On Wednesday, the EUR/USD currency pair dropped to the support level formed by the weekly and monthly S1s near 1.1760. During today's morning, the pair reversed north.

It is likely that the exchange rate could face the resistance formed by the 55-, 100– and 200-hour moving averages near 1.1840 and reverse south in the short term.

However, if the predetermined support level holds, it is likely that the Euro could trade sideways against the US Dollar within the following trading session.

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