EUR/USD trades downside at 1.1400

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 64% 64% 0.00%
Shorts 36% 36% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

During Wednesday's session, the currency pair passed the support of the weekly S1 at 1.1425 to end the trading day at 1.1398. On Thursday morning, the European Single Currency was trading near the weekly S1 at the 1.1469 mark. 

In regards to the near-term future, most likely, the currency pair will bounce off the resistance of the weekly S1 at 1.1425 mark to trade downwards to stay at the 1.1380 level during the day.

On the other hand, the rate could break the resistance of the weekly S1 at 1.1425 due to today's EU fundamental data sets which could affect the currency exchange rate to trade towards the medium ascending pattern at 1.1455.

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.