EUR/USD returns to last week high

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

Positions Today Yesterday % Change
Longs 43% 44% -2.33%
Shorts 57% 56% 1.75%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

A release of the disappointing US Core Durable Goods data created an upside momentum that enabled the pair to break through combined resistance formed by the 100-hour SMA, the weekly PP and the 38.2% Fibonacci retracement level.  

The subsequent publication of the FOMC Meeting Minutes as well as lowered anxiety about political situation in Germany only extended the surge and elevated the pair to October 26 high located at the 1.1837 mark. 

From trade patterns perspective, yesterday's soar signified a rebound from the bottom boundary of a senior ascending channel. In essence, the pair is free to continue the surge, facing barriers only near the 1.1860 and 1.1880 levels. 

However, an area around the 1.1840 represents location of an alleged upper edge of the adjusted dominant descending channel, which is likely to a new rebound.

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