EUR/USD will stay near 1.1500

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 61% 61% 0.00%
Shorts 39% 39% 0.00%
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) Buy Sell Buy
Aggregate

The European Single Currency appreciated 0.40% against the US Dollar since Friday's session. During the last trading session, the currency pair broke the resistance of the monthly S1 at 1.1482 and was stopped by the 200-hour SMA at 1.1539. On Monday, the rate broke the weekly PP at 1.1523 to trade at the 1.1542 mark.  

In regards to the near-term future, most likely, the rate will trade sideways to stay near the 1.1500 level due to a lack of any fundaments during the trading day. The 200-hour SMA should resist the European Single Currency during the day. 

Besides, the 55-hour SMA will try to catch up the rate after the Friday's surge.

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