EUR/JPY bounced off fibo

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

Positions Today Yesterday % Change
Longs 54% 51% 5.56%
Shorts 46% 49% -6.52%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Sell Neutral
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Euro has managed to regain some of its lost positions during the first part of Tuesday's trading session. The decline of the currency pair was stopped by the weekly pivot point at 130.94.

The exchange rate reached the 61.80% Fibonacci retracement level and retraced to the north. This retracement can be measured by connecting the low at 129.44 and the high at 133.06.

The combined support set by the 55– and 100-hour SMAs at 131.38 proved to have enough strength to push the pair higher for a test of a resistance cluster set by the weekly and monthly PPs near the 132.54 mark.

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