EUR/USD trades below Fibo 61.80%

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs50%49%2.4%
Shorts50%51%-2.4%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇒
[ANNOUNCE]

On Monday, the EUR/USD currency pair reversed north from the psychological level at 1.1620.

[/ANNOUNCE]

It is likely that the exchange rate could face the resistance level—the Fibo 61.80% at 1.1707. Thus, a reversal south could occur, and the rate could re-test the predetermined psychological level.

Meanwhile, note that the currency pair could gain support from the 55-hour SMA near 1.1655. In this case the pair could trade upwards and try to exceed the 200-hour moving average near 1.1755.

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