EUR/USD near Tuesday's levels

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 40% 40% 0.00%
Shorts 60% 60% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

During the early hours of Wednesday's trading session the common European currency remained below the 1.13 mark against the US Dollar. The currency exchange rate fluctuated near the previous range of Tuesday. However, by looking into the charts some differences can be spotted. It can be noted that the pair has revealed that the 20 and 55-hour SMAs just below the 1.1270 level do not have enough supporting strength to keep the rate down from falling and pushing it higher. Instead the rate had retreated down to the combined support of the 100-hour SMA and the lower Bollinger band near the 1.1250 mark. In general, it is highly possible that the pair will remain in the range between the 1.1250 mark and the 1.13 level until the ECB events take place on Thursday.

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