EUR/USD breakout expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 65% 65% 0.00%
Shorts 35% 35% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Neutral Neutral Buy
RSI (14) Sell Sell Sell
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

Downside risk continues to prevail in the market as of Friday's session. The bearish movement for the EUR/USD currency pair was temporary stopped after the pair reached the lower boundary of a dominant channel.

The exchange rate has been guided lower by the 55– hour simple moving average since April 19. The first part of Monday's trading session was relatively calm as the currency pair was trading with low volatility.

Everything being equal, a breakout through the upper boundary could be expected during the next 24hrs.

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