EUR/USD pressured by 100– and 200-hour SMAs

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs36%37%-3.8%
Shorts64%63%2.1%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate

During the previous trading session, the EUR/USD currency pair tried to surpass the 2018/2019 minimum at 1.1124. During today's morning, the pair reversed north.  

Note, that the exchange rate is pressured by the 100– and 200-hour SMAs, currently located circa 1.1160. If the given resistance holds, it is likely, that a reversal south could occur in the nearest future, and the rate could re-test the given minimum. 

Otherwise, it is expected, that the pair could target the upper boundary of the short-term descending channel located in the 1.1180/1.1190 range. Note, that the rate has to surpass the weekly PP at 1.1175.

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