EUR/USD will move back to 1.6990

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 55% 56% -1.82%
Shorts 45% 44% 2.22%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The European Single Currency appreciated 0.33% against the US Dollar since Wednesday's session. On Thursday morning, the rate was surging upwards to the 38.20% Fibo and the weekly R1 at 1.1722 to trade at the 1.1694 mark.  

In regards to the near-term future, the rate will continue to surge upwards to the 38.20% Fibo and the weekly R1 at 1.1722 mark. However, the resistance of the previously mentioned technical indicators will force the rate to trade sideways near the 1.6990 level. 

On the other hand, the rate could break the resistance of the 38.20% Fibo and the weekly R1 at the 1.1722 mark to trade at the 1.1740 level during the day.

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