EUR/USD could trade downwards

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs45%46%-3.5%
Shorts55%54%2.9%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyNeutralBuy
SAR(0.02;0.2)SellBuySell
Aggregate

The EUR/USD currency pair remains to trade below the resistance level—the weekly R1 at 1.2140.

It is likely that the exchange rate could be pushed down by the 55-hour moving average near 1.2130. In this case the rate could gain support from the weekly PP and the 200-hour moving average in the 1.2050 area.

If the predetermined support holds, the currency pair could trade sideways within the following trading session. Otherwise, the pair could target the 1.2000/1.2020 range.

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