EUR/USD declined to 1.0842

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs48%48%1.1%
Shorts52%52%-1.1%
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 Thursday, the EUR/USD currency pair declined to the weekly S2 at 1.0842. During today's morning, the rate was trading at the given level.

If the weekly S2 holds, it is likely that a reversal north could occur in the nearest future. In this case it is unlikely that the exchange rate could exceed the Fibonacci 23.60% retracement at 1.0886.

However, note that the currency pair is pressured by the 55-hour moving average near 1.0900. In this case some downside potential could prevail in the market, and the pair could decline to the 1.0800 area.

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