EUR/USD consolidates

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 39% 38% 2.56%
Shorts 61% 62% -1.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Neutral Sell
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Due to the lack of outside pressure, Monday's trading session was relatively calm for the EUR/USD exchange rate, as it remained fluctuating between the 55-hour SMA and a senior channel line. A breakout from this moving average is necessary to consider before going long on the pair. 

Given that technical indicators on the 1H and 4H time-frames are starting to show signs of a possible recovery, this confirmation is expected to occur in the nearest time. The most likely upside target during the following days is the 100– and 200-period (4H) SMAs near 1.1665. 

Meanwhile, the Euro might be reluctant to move past the weekly S1 located at 1.1540, as this is the pair's lowest position in a year. Thus, even if a surge does not occur today, losses should likewise be limited.

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