EUR/USD passes 55-, 100– and 200– hour SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs41%43%-5.2%
Shorts59%57%3.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Monday, the EUR/USD currency pair breached the 55, 100– and 200– hour SMAs. The exchange rate surged by 47 pips or 0.39% during Monday's trading session.

The Euro could continue to strengthen against the US Dollar during the following trading session. Buyers are likely to push the price towards the weekly resistance level at 1.2247.

However, bullish traders might encounter resistance at 1.2220 during Tuesday's trading session.

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