EUR/USD pressured by moving averages

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%28%4.7%
Shorts71%72%-2.0%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellSellBuy
Aggregate

On Friday, the EUR/USD currency pair declined to the psychological level at 1.1080. During today's morning, the pair was trading at the 1.1090 mark.

Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, currently located circa 1.1100. Thus, some downside potential could prevail in the market. A possible downside target is the psychological level at 1.1060.

On the other hand, the currency pair could re-test the given resistance in the nearest future. However, it is unlikely that bulls could prevail in the market, and the pair could exceed the weekly R1 at 1.1150.

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.