EUR/USD declined below 1.0820

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs26%27%-6.8%
Shorts75%73%2.3%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

On Tuesday, the EUR/USD currency pair tried to decline below the 1.0840 level. During today's morning, the pair dropped below 1.0820.

Given that the exchange rate is pressured by the 55-hour SMA near 1.0880, it is likely that some downside potential could prevail. In this case the rate could decline to the weekly S2 at 1.0728.

However, the currency pair could gain support from the monthly S1 at 1.0776 and reverse north in the nearest future. In this case it is unlikely that the pair could exceed the Fibo 23.60% at 1.0886.

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