EUR/USD continues to surge

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

Positions Today Yesterday % Change
Longs 62% 64% -3.23%
Shorts 38% 36% 5.26%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The previously observable dominant descending patterns on the EUR/USD chart were removed on Tuesday, as the surging momentum of the rate has managed to break both of them.

Meanwhile, the rate continues to surge in the borders of a medium scale ascending pattern, which, together with the 55 and 100-hour simple moving averages, has provided the rate with the needed support. Namely, the rate has surged up to the resistance of a monthly pivot point near the 1.1690 level. 

On Tuesday, the rate was consolidating its previous gains and waiting for the 55 and 100-hour SMAs to catch up before continuing the surge.

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