EUR/USD bulls likely to prevail - Technical Analysis - Dukascopy Bank
Thu, 29 Apr 2021 04:04:44 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
38%
39%
-4.0%
Shorts
62%
61%
2.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Neutral
Stochastic(5;3;3)
Neutral
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇒
⇗
On April 28, the Eurozone single currency surged by 77 pips or 0.64% against the US Dollar. The currency pair breached the resistance level at 1.2113 during Wednesday's trading session.
The exchange rate is likely to continue to edge higher during the following trading session. The possible target for bullish traders will be near the weekly R2 at 1.2205.
However, the weekly resistance level at 1.2152 could provide resistance for the EUR/USD currency exchange rate within this session.
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