EUR/USD trades at 1.1160

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs26%28%-6.5%
Shorts74%72%2.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellSellNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuyBuy
Aggregate

On Friday, the EUR/USD currency pair went upside to the psychological level at 1.1160. During today's morning, the pair was trading at the given level.

The exchange rate could gain support of the 55-hour moving average, currently located at 1.1137, and continue to extend gains. In this case, the rate would have to surpass the resistance level formed by the monthly R2 and the Fibonacci 38.20% retracement at 1.1200.

On the other hand, the Euro could maintain its consolidation against the US Dollar at the given psychological level in the short term. It is unlikely that bears could prevail, and the rate could decline lower than the weekly PP at 1.1112.

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