EUR/USD stays at 1.4600

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 Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The European Single Currency depreciated 0.47% against the US Dollar since Monday's session. On Monday morning, the currency pair passed the support of the monthly S1 to trade at the 1.1476 mark. 

In regards to the near-term future, the European Single Currency will stay at the 1.4600 level due to support the 50.00% Fibo which should retrace the rate to go upwards to the monthly S1 during the day. Most likely, the 55-hour and the 100-hour SMAs will stop the rate from surge to trade at previously mentioned level. 

On the other hand, the rate could pass the 50.00% Fibo to use it as resistance to trade closer to the weekly S1 at the 1.1450 mark.

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