Euro remains stable against Yen

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

Positions Today Yesterday % Change
Longs 33% 34% -3.03%
Shorts 67% 66% 1.49%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The common European currency managed to reach a new peak mid-Wednesday when it made a reversal from the 134.94 mark. 

The pair subsequently made a slight correction southwards until the combined support of the weekly R2 and the 55– and 100-hour SMAs circa 134.55 halted further attempts to edge lower. 

As a result, the rate keeps diminishing its trading range between two important barriers—the 2016/2017 high and the monthly R1 from above (near 135.00) and the aforementioned SMAs from below. 

By and large, no significant fundamental events are scheduled for the remaining week. Thus, the Euro might remain fluctuating in this area until the end of this week/year.

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