EUR/USD makes another fundamental move

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

Positions Today Yesterday % Change
Longs 44% 47% -6.82%
Shorts 56% 53% 5.36%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The picture on the EUR/USD charts is a complicated mix of technical levels and fundamental events causing various moves. This combination has resulted in a rather high volatility to the upside in the last 24 hours.

In general, the pair bounced off the support of the speculative long term channel, which was strengthened by a weekly pivot point near the 1.2150 mark. 

The event coincided with the sudden announcement that Donald Trump will impose tariffs on metal imports. That caused a sudden increase in volatility. 

The volatile trading broke various resistance levels until the surge paused on Friday morning near the 200-hour SMA.

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