EUR/USD remains above 1.2140

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%40%11.7%
Shorts54%60%-9.9%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

Since Wednesday afternoon, the EUR/USD currency pair has been testing the support level at 1.2140.

Given that the exchange rate is pressured by the 55– and 100-hour moving averages near 1.2180, it is likely that some downside potential could prevail in the market. In this case the rate could try to decline below the weekly S2 at 1.2099.

However, if the predetermined support level holds, a reversal north could occur, and the currency pair could raise to the resistance area formed by the 200-hour moving average and weekly PP in the 1.2230/1.2255 area.

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