EUR/USD passes dominant to 1.1240

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 41% 38% 6.5%
 Shorts 59% 62% -4.5%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Buy Neutral Neutral
 Stochastic(5;3;3) Neutral Buy Neutral
 Alligator(13;8;5) Sell Sell Sell
 SAR(0.02;0.2) Sell Sell Buy
 Aggregate

The European Single Currency passed through the support level of the dominant pattern line at 1.3106. Moreover, the rate passed through the other two technical indicators to trade at the the1.2600 mark. 

In regards to the near-term future, most likely, the European Single Currency will continue depreciating against the US Dollar to the weekly S2 at 1.1229.  

Meanwhile, the 55-hour and the 100-hour simple moving averages will try to catch up the rate during the day.

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