EUR/USD remains below 1.2180 - Technical Analysis - Dukascopy Bank

Tue, 23 Feb 2021 10:40:23 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs47%48%-3.7%
Shorts53%52%3.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyNeutralBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

During Monday morning, the EUR/USD currency pair bounced off the resistance level at 1.2180.

It is likely that the exchange rate could gain support from 55-hour moving average near 1.2140. Thus, some upside potential could prevail in the market. In this case the rate could target the 1.2220/1.2240 range.

In the meantime, if the predetermined resistance level holds, the currency pair could trade downwards in the short run. Note that the pair could gain support from the 100– and 200-hour SMAs, as well the weekly PP in the 1.2110 area.


Back to feed
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.