EUR/USD trades at 1.1420

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 49% 52% -6.12%
Shorts 51% 48% 5.88%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Buy
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

During Monday's trading session, the European Single Currency was moving sideways to end the trading session at the 1.1448 mark. On Tuesday morning, the currency exchange rate depreciated by 0.38% to trade at the 1.1434 mark. 

In regards to the near-term future, most likely, the currency exchange rate will be trading sideways to stay at the 1.1440 level during the day. The 55-hour simple moving average will catch up the rate to give additional support for the rate. 

On the other side, the European Single Currency could break the resistance of the 50.00% Fibo at the 1.1462 mark to surge towards the weekly R1 at the 1.1488 mark.

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