EUR/USD waits for a squeeze

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 59% 60% -1.69%
Shorts 41% 40% 2.44%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The European Single Currency depreciated 0.15% since Monday's trading session. 

In regards to the near future, the European Single Currency will be squeezed between the small channel's resistance and the bottom boundary of the medium channel, which might push the rate to go upwards due to a stable support level which is supported by the weekly S1 at the 1.1549 level and the monthly PP at the 1.1548 mark. 

In another scenario, the rate might break the medium channel and push the rate to go downwards below the monthly PP at the 1.1548 mark.

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