EUR/USD reaches weekly R1 at 1.2074

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

Positions Today Yesterday % Change
Longs 39% 40% -2.56%
Shorts 61% 60% 1.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇒ ⇒ ⇗

[ANNOUNCE] In accordance with expectations, the common European currency continued to rise against the Dollar and by the end of the previous has reached the weekly R1 at 1.2074. [/ANNOUNCE] 

In the meantime, the pair has also formed a minor bullish pennant pattern, which presupposes further surge towards the two-year extremum located at the 1.2093 mark. 

Although today's release of information on the American labour market provides good opportunity for a breakout, the currency rate is still expected to make a rebound and return back to the rising 55- and 100-hour SMAs. 

A one-week long junior ascending channel supports this assumption. In addition to that, 54% of pending orders in 50-pip range are set to buy.

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