EUR/USD could trade upwards

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs38%38%0.8%
Shorts62%62%-0.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇗⇒
[ANNOUNCE]

Since Tuesday, the EUR/USD currency pair has been trading sideways within the 1.2100/1.2140 range.

[/ANNOUNCE]

It is likely that the exchange rate could gain support from the 55-hour moving average near 1.2120. Thus, the rate could re-test the 2020 high located at the 1.2177 mark.

On the other hand, the currency pair could be pushed down by the 100-hour moving average near 1.2130. In this case the pair could face the support formed by the 200-hour SMA and the weekly PP circa 1.2070.

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