EUR/USD trades at 1.1800

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs47%47%0.5%
Shorts53%53%-0.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

On Friday, the EUR/USD currency pair tested the resistance level—the monthly PP at 1.1867. During today's morning, the pair dropped to 1.1800.

It is likely that some downside potential could prevail in the market, and the exchange rate could re-test the lower boundary of the medium-term descending channel circa 1.1730.

Meanwhile, note that the rate could gain support from the weekly and monthly S1s in the 1.1760 area and reverse north in the short term. In this case it is unlikely that the pair could exceed the given resistance level.

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