EUR/USD respects channel pattern - Technical Analysis - Dukascopy Bank
Fri, 30 Apr 2021 04:10:25 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
38%
38%
0.7%
Shorts
62%
62%
-0.4%
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 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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