EUR/USD declined to 1.1070

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs30%29%4.9%
Shorts70%71%-2.1%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellNeutralNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate

On Friday, the EUR/USD currency pair dropped to the 1.1070 level. During Monday morning, the pair was reversed north from the given level.

It is unlikely that the exchange rate could exceed the 1.1104/1.1126 area due to the resistance cluster formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP.

On the one hand, the Euro could consolidate against the US Dollar around the given level in the nearest future. On the other hand, the rate could trade downwards in the short run. In this case, the pair could gain support of the monthly PP at 1.1059.

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