EUR/USD could go downwards

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs38%38%0.5%
Shorts62%62%-0.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate

On Thursday, the EUR/USD currency pair declined to the 1.1130 level. During today's morning, the pair surpassed the given level.

Note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, currently located circa 1.1140. Thus, it is likely that some downside potential could prevail in the market.

Note that the currency pair could gain support of the lower boundary of the medium-term ascending channel at 1.1110. However, if the given trend does not hold, it is likely that the pair could go below 1.1100.

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