EUR/USD skyrocketed to 1.1130

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs33%30%6.8%
Shorts67%70%-3.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuySellBuy
Aggregate

Recently, the EUR/USD currency pair exceeded the 1.1100 level. During Friday morning, the pair skyrocketed to the monthly R1 at 1.1138.

If the given resistance level does not hold, it is likely that the exchange rate could continue to extend gains in the short run. Note that the rate would have to surpass the weekly R1 at 1.1149.

However, if the given resistance level holds, it is likely that a reversal south could occur in the nearest future. In this case the currency pair could gain support of the weekly PP and the 200-hour SMA at 1.1107.

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