EUR/USD pressured by 55– and 100-hour SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs29%27%9.7%
Shorts71%73%-4.1%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)SellBuySell
Aggregate⇒⇒⇘
[ANNOUNCE]

On Monday, the EUR/USD currency pair traded downside. During today's morning, the pair was testing the support formed by the weekly and monthly PPs in the 1.0970 area.

[/ANNOUNCE]

It is likely that the 55– and 100-hour SMAs, located near 1.1050 and 1.0990 respectively, could push the exchange rate lower to the support cluster formed by the weekly and monthly S1s and the 200-hour SMA in the 1.0805/1.0886 range.

However, if the weekly and monthly PPs hold, it is likely that a reversal north could occur. In this case the currency pair could re-test the resistance level formed by the monthly R1 at 1.1157.

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