EUR/USD potential target at 1.1789

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs54%61%-13.8%
Shorts46%39%16.0%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)SellBuySell
Aggregate⇒⇒⇘

[ANNOUNCE]On Friday, the Eurozone single currency plunged by 54 pips or 0.45% against the US Dollar. The decline was stopped by the 50– hour simple moving average during Friday's trading session.[/ANNOUNCE]

All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for the EUR/USD pair will be near the 200– hour SMA at 1.1789.

However, sellers are likely to encounter a support cluster formed by the weekly pivot point and the 100– hour moving average at 1.1848 within this session.

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