EUR/USD exceeded weekly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs42%42%1.3%
Shorts58%58%-0.9%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

On Tuesday, the EUR/USD currency pair exceeded the weekly R1 at 1.1898.

It is likely that the exchange rate could gain support from the given level and trade upwards in the short term. In this case the rate could face the resistance level—the weekly R2, located at 1.1936.

If the predetermined resistance holds, a reversal south could occur. In this case the currency pair could face the support area formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.1856/1.1873 area.

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