EUR/USD tests 100-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs35%34%2.4%
Shorts65%66%-1.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Thursday, the EUR/USD currency pair traded sideways around the 1.1860 level. During today's morning, the pair was testing the 100-hour SMA near 1.1820.

It is likely that the exchange rate could be pushed down by the 55-hour SMA near 1.1860. In this case the rate could target the Fibo 61.80% at 1.1707 in the nearest future.

On the other hand, it is likely that the currency pair could gain support from the 200-hour SMA and the weekly PP near 1.1780, and re-test the 2020 high at 1.1903 in the short run.

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.