EUR/USD trades at 1.1830 - Technical Analysis - Dukascopy Bank

Thu, 13 Aug 2020 09:25:03 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs35%35%1.7%
Shorts65%65%-0.9%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)SellNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

On Wednesday, the EUR/USD currency pair raised to the 1.1820 level. During today's morning, the pair was trading at 1.1830.

It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.1770/1.1800 area. Thus, it is likely that some upside potential could prevail in the market.

Meanwhile, it is unlikely that bears could prevail in the market, and the currency pair could decline below the Fibo 61.80% at 1.1707 within the following trading session.


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