EUR/USD pressured by 55-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%26%9.5%
Shorts71%74%-3.9%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralSell
SAR(0.02;0.2)SellSellSell
Aggregate

On Wednesday, the EUR/USD currency pair tested the support level—the monthly S1 at 1.0840. During today's morning, the pair was re-testing the given support.

Note that the exchange rate remains under pressure of the 55-hour SMA near the 55-hour SMA near 1.0980. Thus, some downside potential could prevail in the market.

However, note that the currency pair could gain support from the monthly S2 at 1.0776. If the given level holds, a reversal south could occur, and the pair could try to surpass the monthly S1 at 1.0938.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.