EUR/USD consolidated at 1.1140

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs25%26%-0.7%
Shorts75%74%0.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Monday, the EUR/USD currency pair consolidated at the 1.1140 level. During today's morning, the pair was trading at the given level.

It is likely that the exchange rate could gain support of the 100-hour SMA, as well the monthly R1 at 1.1135 and go upwards within the following trading session. In this case the rate could target the 1.1180 level.

However, note that the currency pair is pressured by the 55-hour SMA at 1.1145. Thus, if the given support does not hold, the Euro could depreciate against the US Dollar. In this case the pair could gain support of the 200-hour SMA at 1.1108.

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