EUR/USD tests 55– and 100-hour SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs28%27%2.9%
Shorts72%73%-1.1%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

On Monday, the EUR/USD currency pair declined to the 1.0800 level. During today's morning, the pair reversed north.

Note that the exchange rate faced the resistance formed by the 55– and 100-hour SMAs in the 1.0825 area. Thus, some downside potential could prevail in the market.

It is likely that the currency pair could gain support from the monthly S1 at 1.0776. If the given level holds, it is likely that the Euro could consolidate against the US Dollar. Otherwise, the pair could decline to the weekly S1 at 1.0747.

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.