EUR/USD revealed ascending channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs38%38%-1.6%
Shorts62%62%1.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Tuesday, the EUR/USD currency pair revealed a short-term ascending channel. During today's morning, the pair was testing the lower channel line.

From a theoretical point of view, it is likely that a reversal north could occur in the nearest future. In this case the exchange rate could target the psychological level at 1.1340.

Meanwhile, note that the currency pair is pressured by the 55-hour SMA near 1.1294. Thus, a breakout south could occur. Note that the pair could gain support from the weekly and monthly PPs, as well the 200-hour SMA near 1.1250.

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