EUR/USD trades at 1.1420 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 61% 59% 3.28%
Shorts 39% 41% -5.13%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The European Single Currency depreciated 0.54% against the US Dollar since Thursday's session. During the last trading session, the currency pair passed through the monthly S1 at 1.1482 and was stopped by the medium pattern line at the 1.1453 mark. On Friday, the rate passed the support of the medium channel to trade at the 1.1443 mark. 

In regards to the near-term future, most likely, the rate will trade sideways to stay at the 1.1420 level. The SMAs will try to catch up the rate during the trading day. 

However, the rate might bounce off the bottom boundary of the pattern line to push the rate to decline to the 1.1400 level on Friday.

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