EUR/USD trades above monthly PP at 1.1420

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 53% 58% -9.43%
Shorts 47% 42% 10.64%
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) Buy Buy Sell
Aggregate

During Thursday's morning hours, the European Single Currency was trading between the 55-hour and the 100-hour simple moving averages at the 1.1423 mark.  

In regards to the near-term future, most likely, the currency exchange rate will surge towards the 1.1480 level breaking the resistance of the 50.00% Fibo. The supports of the simple moving averages together with the monthly pivot point at 1.1413 should push the rate to surge during the trading session on Thursday. 

On the other hand, today's significant fundamental release of the US Federal Funds Rate at 19:00 GMT could ignore the predictions for the currency exchange pair to push the European Single Currency to trade near the weekly PP at 1.1382.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.