EUR/USD will stay at 1.1680 mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 56% 59% -5.36%
Shorts 44% 41% 6.82%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The European Single Currency appreciated 0.85% against the US Dollar since Monday's session. On Tuesday morning, the currency exchange rate was supported by the 55-hour simple moving average to surge upwards towards the 38.20% Fibo and the weekly R1 at the 1.1722 mark. 

In regards to the near future, most likely, the rate should move downwards due to the resistance of the weekly R1 and the 38.20% Fibo. It is expected that the rate should trade at the 1.1680 level during the day. 

However, the rate might ignore the resistance of the weekly R1 at the 1.1722 mark and the 38.20% Fibo to pass through them to trade at 1.1760 level on Tuesday.

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