EUR/USD trades above 1.1860

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs43%45%-2.8%
Shorts57%55%2.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

During Tuesday morning hours, the EUR/USD currency pair exceeded the 1.1860 level.

It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.1817/1.1840 range. Thus, some upside potential could prevail in the market.

Meanwhile, note that the currency pair could face the resistance at the 1.1880 mark. If the given level holds, the pair could trade sideways within the following trading session.

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