EUR/USD trades at 2019 low

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs48%45%6.1%
Shorts52%55%-5.6%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)BuyBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

On Wednesday, the EUR/USD currency pair declined to the 2019 low at 1.0880. During today's morning, the pair was trading at the given level.

Note that the exchange rate remains under pressured of the 55-hour SMA near 1.0900. Thus, some downside potential could prevail in the market. Note that the neatest support—the weekly S2, is located at 1.0842.

However, the currency pair could gain support of the monthly S2 at 1.0872 and reverse north in the nearest future. If the pair fails to surpass the given resistance, the Euro could consolidate against the Greenback in the short run.

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