EUR/USD breaks a pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 60% 59% 1.67%
Shorts 40% 41% -2.50%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The EUR/USD was at the 1.1607 mark on Monday morning. The main rate was located near the weekly pivot point at the 1.1641 mark during the morning hours. The main pair broke the pattern during Friday's session, slumped below the junior descending line. 

It is expected that the European Single Currency might move upwards to fit back into the pattern which was drawn last week. On the other side, the European Single Currency might to go downwards due to a strong resistance of the weekly PP and the 200-hour simple moving average.

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