EUR/USD is above 1.1050

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs40%39%2.5%
Shorts60%61%-1.7%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)SellBuySell
Aggregate

On Monday, the EUR/USD currency pair tried to surpass the 1.1050 level. During today's morning, the pair was trading at the given level.

It is likely that the exchange rate could be pressured by the 55-hour SMA, as well the weekly PP at 1.1061 and trade downwards in the short term. A possible downside target is the weekly S1 at 1.1026.

However, the currency pair could gain support of the 100– and 200-hour SMAs in the 1.1040 area and reverse north in the nearest future. It is unlikely that the pair could exceed the upper line of the medium-term descending channel at 1.1080.

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