EUR/USD could edge higher - Technical Analysis - Dukascopy Bank
Wed, 28 Apr 2021 05:04:41 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
39%
39%
-0.5%
Shorts
61%
61%
0.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Neutral
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇒
On April 27, the Eurozone single currency surged by 37 pips or 0.30% against the US Dollar. The currency pair tested the 1.2093 level during Tuesday's trading session.
The EUR/USD exchange rate is likely to continue to edge higher during the following trading session. The potential target for bullish traders could be near the 1.2120 level.
However, the resistance level at 1.2093 could still provide resistance for the currency exchange rate within this session.
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