EUR/USD breaks weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 62% 61% 1.61%
Shorts 38% 39% -2.63%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The European Single Currency appreciated 0.29% against the US Dollar since Wednesday's session. On Thursday morning, the currency pair broke the resistance of the weekly PP to trade at the 1.1541 mark. 

In regards to the near-term future, most likely, the European Single Currency will trade upwards facing the weekly R1 at the 1.1611 level. The simple moving averages and the weekly PP at 1.1537 mark will support the rate during the day. 

However, today's fundamentals news could push the rate to go downwards to the monthly S1 at the 1.1482 mark.

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