EUR/USD declined to weekly S1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs30%26%12.7%
Shorts70%74%-5.4%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellBuySell
Aggregate

On Thursday, the EUR/USD currency pair tested the support level – the weekly S1 at 1.0823. During today's morning, the pair was re-testing the given support.

It is likely that the exchange rate could be pushed down by the 55-, 100– and 200-hour SMAs near 1.0900. In this case the rate could target the psychological level at 1.0760.

However, if the given support level holds, a reversal north could occur. However, note that the pair could face the resistance formed by the Fibo 23.60% and the weekly PP at 1.08860. If the given resistance holds, the rate could consolidate.

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