EUR/USD will trade at 1.1540

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 60% 60% 0.00%
Shorts 40% 40% 0.00%
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) Buy Sell Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The European Single Currency appreciated 0.18% against the US Dollar since Friday's session. During Friday 's session, the currency pair depreciated to pass the 55-hour SMA to stop the trade at the 1.1550 mark. During Monday morning hours, the rate retraced to trade at the 1.1560 mark. 

In regards to the near-term future, most likely, the European Single Currency will trade sideways near the weekly PP at the 1.1535 mark to stay at the 1.1540 level during the day. 

However, the European Single Currency might move the rate to go any directions due to US fundamental data sets during the trading session.

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