EUR/USD stopped by the 55-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 60% 59% 1.67%
Shorts 40% 41% -2.50%
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) Buy Buy Sell
Aggregate

The European Single Currency depreciated 0.26% since Tuesday's trading session. The exchange currency rate was stopped by the 55-hour simple moving average, which took a role of a resistance for the currency during morning hours. 

In regards to the near future, the European Single Currency will continue to move sideways until it meets the weekly PP at the 1.1546 mark and the weekly S1 at the 1.1549 mark. It is expected that the currency should be stopped by the strong support level of the weekly S1 and the weekly pivot point. 

In another scenario, the rate might break the trend-line and push the rate to go upwards to the 100-hour simple moving average at the 1.1623 mark.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.