EUR/USD breaks resistance at 1.2080 - Technical Analysis - Dukascopy Bank
Mon, 26 Apr 2021 04:49:42 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
39%
40%
-2.0%
Shorts
61%
60%
1.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Neutral
Stochastic(5;3;3)
Sell
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Neutral
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇗
⇒
On April 23, the common European currency surged by 88 pips or 0.73% against the US Dollar. The currency pair breached the resistance level at 1.2080 during Friday's trading session.
The exchange rate is likely to continue to edge higher during the following trading session. The potential target for bullish traders will be near the 1.2180 level.
However, the upper line of an ascending channel pattern near the 1.2140 area could provide resistance for the EUR/USD currency exchange rate in the shorter term.
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