EUR/USD could go downwards

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs49%47%4.5%
Shorts51%53%-4.3%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

At the end of last week, the EUR/USD currency pair declined to the 1.1640 level.

It is likely that some downside potential could prevail in the market, as the exchange rate is pressured by the 55-hour moving average near 1.1675. In this case the rate could target the weekly S1 at 1.1574.

In the meantime, it is unlikely that bulls could prevail in the market, and the currency pair could exceed the resistance level formed by the Fibonacci 61.80% retracement at the 1.1707 mark.

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