EUR/USD respects channel pattern - Technical Analysis - Dukascopy Bank

Fri, 30 Apr 2021 04:10:25 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs38%38%0.7%
Shorts62%62%-0.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellNeutral
Stochastic(5;3;3)NeutralSellSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

On Thursday, the common European currency declined by 44 pips or 0.36% against the US Dollar. The currency pair reversed from the resistance level at 1.2152 during yesterday's trading session.

Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, buyers could pressure the EUR/USD exchange rate higher during this session.

However, the resistance line at 1.2149 could still provide resistance for the currency exchange rate in the shorter term.


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