EUR/USD declined to 1.1140

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs31%28%8.1%
Shorts69%72%-3.6%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyNeutral
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Tuesday, the EUR/USD currency pair declined to the 1.1140 level. During today's morning, the pair tried to surpass the monthly PP at 1.1153.

Note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, currently located circa 1.1170. Thus, it is likely that some downside potential could prevail. In this case the rate could reach the lower boundary of the medium-term ascending channel circa 1.1110.

On the other hand, a reversal north could occur in the nearest future. In this case the currency pair would have to surpass the given moving averages, as well the weekly PP at 1.1176. Also, it is unlikely that the pair could exceed the Fibo 38.20% at 1.1200.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.