EUR/USD falls to weekly S1 at 1.1390

Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 34% 31% 8.82%
Shorts 66% 69% -4.55%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

On Wednesday, the currency exchange rate was trading above the monthly pivot point at 1.1443. Besides, the weekly S1 at 1.1390 supported the European Single Currency during the morning hours! 

It is expected that the rate will continue depreciating during the trading session due to the resistance levels of the monthly PP and the weekly S1. Most likely, the rate will fall to the 1.3600 level. 

On the other side, today's US Crude Oil Inventories data release at 15:30 GMT could push the rate to surge to the 1.1440 level.

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