EUR/USD breached descending channel south

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs50%48%4.7%
Shorts50%52%-4.7%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralSell
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

On Tuesday, the EUR/USD currency pair breached the medium-term descending channel south and touched 1.1680.

It is likely that some downside potential could prevail in the market, as the exchange rate could be pressured by the 55-hour moving average near 1.1750. In this case the rate could face the support level—the weekly S2 at 1.1664.

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

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.