EUR/USD pressured by 55-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs41%38%6.1%
Shorts59%62%-4.2%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

On Friday, the EUR/USD currency pair re-tested the lower line of the medium-term ascending channel. During today's morning, the pair was testing the resistance formed by the 55-hour SMA.

If the given resistance holds, it is likely that the exchange rate could trade along the lower channel line within the following trading session.

However, if the predetermined channel does not hold, it is likely that some downside potential could prevail in the market. Note that the rate could gain support from the monthly S1 at 1.1767.

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.