EUR/USD decline could continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs66%63%4.1%
Shorts34%37%-7.9%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇒⇒⇘

[ANNOUNCE]On Monday, the Eurozone single currency declined by 32 pips or 0.27% against the US Dollar. The exchange rate tested a four-month low at 1.1730 during Monday's trading session.[/ANNOUNCE]

By and large, the currency pair is likely to continue to edge lower in a descending channel pattern during the following trading session. The possible target for the EUR/USD pair will be near 1.1680.

However, the currency exchange rate might encounter support near the weekly S1 at 1.1712 within this session.

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