EUR/USD raised to 1.0900

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs30%25%14.7%
Shorts70%75%-6.2%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

On Monday, the EUR/USD currency pair was consolidating in the 1.0800 area. During today's morning, the pair raised to the resistance formed by the Fibo 23.60% and the weekly PP in the 1.0900 area.

If the given resistance holds, it is likely that a reversal south could occur in the short run. In this case the exchange rate could gain support from the 55-hour SMA near 1.0810.

Otherwise, the currency pair could breach the given resistance in the nearest future. However, note that the pair would have to surpass the 200-hour SMA near 1.0940. If the given SMA does not hold, the pair could reach 1.1000.

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