EUR/USD reached weekly R2

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%28%0.0%
Shorts72%72%0.0%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

During Thursday's trading session, the Euro declined to the support level formed by the weekly R1 at 1.1254. During today's morning, the EUR/USD exchange rate reversed north towards the resistance level—the weekly R2 at 1.1290.  

If the given resistance does not hold, it is likely, that the pair continues to go upwards and reaches the upper boundary of the short-term channel located circa 1.3130. 

Otherwise, it is expected, that the currency pair trades sideways between the given resistance level and the 100-hour SMA, currently located at the 1.1266 mark.

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