EUR/USD tests short-term channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%26%4.8%
Shorts73%74%-1.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)NeutralBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Wednesday, the EUR/USD currency pair declined to the lower boundary of the short-term ascending channel located circa 1.1280. During today's morning, the pair was testing the given line.  

From a theoretical perspective, it is expected, that the exchange rate could reverse north in the nearest future. Note, that the rate has to surpass the resistance level formed by the 55– and 100-hour SMAs, currently located circa 1.1312.  

On the other hand, the pair could trade sideways between the given resistance, as well the support level formed by the 200-hour SMA and the weekly PP at the 1.1281 mark.

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