EUR/USD pauses its surge

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

Positions Today Yesterday % Change
Longs 40% 41% -2.50%
Shorts 60% 59% 1.67%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇒ ⇗ ⇗

[ANNOUNCE]The common European currency has stopped its surge against the US Dollar. The event is providing an opportunity to review the situation on the charts. [/ANNOUNCE]

First of all the currency pair has passed the support of the lower trend line of a junior channel up pattern near the 1.2050 mark. Due to that reason it can be expected that a new junior pattern should be looked for, as the rate continues to fluctuate. 

Secondly, the pair has revealed the upper trend line of a medium scale pattern, which has guided the pair for a few months.  

In regards to the near future, the 1.21 mark is still the target.

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