EUR/USD stuck around 1.1750

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

Positions Today Yesterday % Change
Longs 44% 44% 0.00%
Shorts 56% 56% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

In line with expectations, the common European currency continued to advance against the American Dollar until the pair has encountered a combined resistance level set up by the updated weekly PP and the 200-hour SMA. As a result, the currency rate has stuck near the 1.1750 level.  

Nevertheless, the surge is expected to continue, as the pair has no barriers on its way up until the weekly R1 at 1.1846, while from the bottom it experiences certain pressure from the 55- and 100-hour SMAs. 

In the meantime, it should be noted that an area near the 1.1810 mark represents a location of the medium-term descending channel's upper boundary, which most likely is going to turn around the exchange rate.

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