EUR/USD consolidated in 1.1730 area

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs39%37%5.0%
Shorts61%63%-3.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

On Tuesday, the EUR/USD currency pair consolidated in the 1.1730 area. During today's morning, the pair reversed north.

It is likely that the exchange rate could gain support from the 55-hour SMA near 1.1730 and extend gains in the short term. In this case the rate could face the resistance formed by the weekly R2 and the 2019 high circa 1.1820.

If the given resistance level holds, it is likely that the Euro could trade sideways against the US Dollar within the following trading session.

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