EUR/USD remains below 1.1450

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs30%29%1.9%
Shorts70%71%-0.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Monday, the EUR/USD currency pair tried to surpass the resistance level formed by the Fibo 38.20% and the monthly R3 1.1475. During today's morning, the pair reversed south.

It is likely that the exchange rate could be pressured by the 55-hour SMA near 1.1370 and trade downwards in the short term. In this case it is unlikely that the rate could decline below the Fibo 23.60% at 1.1202.

However, note that the currency pair could gain support from the monthly R2 and the 100-hour SMA at 1.1280. In this case the Euro could trade sideways against the US Dollar in the short term.

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