EUR/USD reaches medium support

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

Positions Today Yesterday % Change
Longs 42% 41% 2.38%
Shorts 58% 59% -1.72%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Neutral Sell Buy
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate ⇒ ⇗ ⇗

[ANNOUNCE]The common European currency continued its decline against the US Dollar, as it was expected on Monday.[/ANNOUNCE]

On Tuesday morning the pair had already rebounded against the combined support of the medium pattern and the 200-hour SMA near the 1.1940 mark. Due to that reason a surge was expected. 

However, the rebound is most likely going to be hindered by the 100-hour SMA until the pair reaches the weekly PP at 1.1999, which will be supported by the 55-hour SMA. 

Most likely that combined resistance will force the rate to continue the decline.

Actual Topics