EUR/USD should remain calm

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 39% 38% 2.56%
Shorts 61% 62% -1.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate ⇘ ⇒ ⇒

[ANNOUNCE] Despite attempting to edge higher early on Friday, the Euro lost momentum against the Greenback and thus had reached the 1.1740 mark on Monday morning. [/ANNOUNCE] The 2018 low is located at 1.1720. 

During the past trading sessions, the rate has been moving relatively sideways with a slight tendency south. The same situation might occur during this session, as well; however, no massive leaps either direction should occur due to several European banks being closed today. 

Bears might try to push the rate down to the weekly S1 at 1.17, but a move below it is rather unlikely. If looking at the upside potential, the pair is expected to find strong resistance near 1.1820 where the 55– and 100-hour SMAs and the monthly S2 are located.

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