EUR/USD likely to trade sideways

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%25%10.2%
Shorts72%75%-4.0%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇘

[ANNOUNCE] On Tuesday, the EUR/USD currency pair reached the lower boundary of the short-term channel at 1.1281. During today's morning, the pair reversed north to the resistance level at 1.1320. [/ANNOUNCE] 

If the given resistance holds, it is likely, that the exchange rate trades sideways, supported by the 55– and 100-hour SMAs circa 1.1300. Otherwise, the pair could reach the 1.1330 level. 

If the given support does not hold, it is expected, that the rate re-tests the lower channel line located circa 1.1290. However, it is unlikely, that a breakout north could occur due to support level formed by the weekly and monthly PPs at 1.1281.

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