EUR/USD pressured by 100-hour SMA

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%30%-10.1%
Shorts73%70%3.7%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellBuy
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇒
[ANNOUNCE]

On Friday, the EUR/USD currency pair re-tested the 1.1140 level. During today's morning, the pair raised to the 100-hour SMA at 1.1190.

[/ANNOUNCE]

If the given moving average holds, it is likely that a reversal south could occur in then nearest future. Note that in this case the exchange rate could face the support formed by the 200-hour SMA and the monthly PP at 1.1153.

However, if the given resistance does not hold, the Euro could continue to extend gains against the Greenback in the short run. A possible upside target is the weekly R1 at 1.1226.

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