EUR/USD surges to medium pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 38% 40% -5.26%
Shorts 62% 60% 3.23%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

During the previous trading session, the currency exchange rate broke the 50.00% Fibonacci retracement level at 1.1462. On Thursday morning, the rate was located at the weekly R2 at 1.1500. 

In regards to the near-term future, most likely, the European Single Currency will trade towards the descending medium pattern line at the 1.1540 mark. Moreover, the weekly R2 at 1.1500 should support the surge during the trading session. 

However, the weekly R2 could retrace the European Single Currency to depreciate against the US Dollar to push the rate to trade sideways at the 1.1480 level.

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