EUR/USD will trade sideways

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 59% 58% 1.69%
Shorts 41% 42% -2.44%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The European Single Currency depreciated 0.49% against the US Dollar since Wednesday's session. On Thursday, the rate was located below the monthly S1 at the 1.1485 mark.  

During Thursday's session, the European Single Currency will trade sideways due to the resistance of the monthly S1 and the weekly S1, together with the support of the 50.00% Fibo at 1.1460 mark. Most likely, the rate will trade at the 1.1500 mark during the session. 

On the other side, the rate might break the weekly S1 at 1.1511 level to trade near the 1.1520 mark during the day.

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