EUR/USD remains below weekly R2

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs41%41%0.1%
Shorts59%59%-0.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

On Wednesday, the EUR/USD currency pair failed to exceed the resistance level—the weekly R2 at 1.1884.

It is likely that the exchange rate could gain support from the 55-hour moving average near 1.1840 and trade upwards in the short term. In this case the rate could target the 1.1920 level.

However, if the predetermined resistance level holds, the Euro could trade sideways against the US Dollar within the following trading session.

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