EUR/USD continues to surge

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 39% 39% 0.00%
Shorts 61% 61% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

As it was expected the common European currency found support against the US Dollar, and the currency exchange rate continues on its set part higher. Moreover, during Monday's trading the pair managed to touch the 1.1220 mark. The Euro has set its eyes on the 1.1233 mark against the Buck, as that is the closest support level, which is likely to be reached. At that level the weekly R1 is located at. It is most likely that the 55-hour SMA, which helped the rate in its rebound on Monday, will push the pair higher until it reaches the mentioned resistance level. However, the weekly R1 might not be reached during Tuesday's trading, as the upper trend line of the short term ascending channel pattern still remains in the way of the pair above the 1.12 mark.

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