EUR/USD could go downwards

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs47%44%7.1%
Shorts53%56%-6.3%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

On Thursday, the EUR/USD currency pair declined to the 1.1660 level.

It is likely that some downside potential could prevail in the market, as the exchange rate is pressured by the 55-hour SMA near 1.1720. In this case the rate could target the weekly S3 at 1.1575.

Meanwhile, note that the currency pair could gain support from the weekly S2 at 1.1639. Therefore, the pair could reverse north and try to exceed the Fibo 61.80% at the 1.1707 mark.

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