EUR/USD might reverse north

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%27%0.5%
Shorts73%73%-0.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

Yesterday, the EUR/USD currency pair declined to the lower boundary of the short-term ascending channel at 1.1355. During Wednesday's morning, the pair was testing the given line.  

Note, that the exchange rate is supported by the 100-hour moving average, currently located at 1.1352. Thus, it is unlikely, that a breakout south from the channel could occur. 

It is expected, that a reversal north should occur within the following trading sessions. In this case, the rate has to surpass the 55-hour SMA at the 1.1383 mark. A possible upside target is the resistance level—the monthly R3 at 1.1412.

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