EUR/USD will break R1 at 1.1792

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Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 52% 54% -3.85%
Shorts 48% 46% 4.17%
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 ⇒ ⇗ ⇒

[ANNOUNCE] The European Single Currency appreciated 0.15% against the US Dollar since Tuesday's session. The rate was located at the 1.1765 mark on Wednesday morning. 

[/ANNOUNCE] In regards to the near future, the rate should break the resistance of the monthly R1 at the 1.1765 due to support of the 55-hour and the 100-hour SMAs. It is expected that the rate will trade near the weekly R1 at the 1.1830 on Wednesday. 

On the other hand, a lot of significant fundamental news will be released during the day, which might break most of the technical indicators to move downwards or upwards.

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