EUR/USD fails to bypass 1.1880

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

Positions Today Yesterday % Change
Longs 43% 43% 0.00%
Shorts 57% 57% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The first trading day after Christmas the currency exchange rate started in a resistance zone located between the 1.1865 and 1.1876 levels.  

Because of an empty economic calendar and decreased liquidity the pair is likely to continue moving horizontally. In short the term, the rising 55- and 100-hour SMAs most probably will stimulate the rise of the Euro against the Dollar. 

However, in larger perspective the exchange rate is expected to keep moving downwards due to inability to bypass the 61.8% Fibonacci retracement level located at the 1.1887 mark. In support of this assumption, 54% of pending orders in 100-pip range are set to buy, while the aggregate market sentiment is 67% bearish.

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