EUR/USD surges on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 61% 61% 0.00%
Shorts 39% 39% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The European Single Currency depreciated 1.06% since Friday's trading session. The currency rate passed the monthly pivot point at the 1.1546 mark during Monday morning hours.

The EUR/USD should move upwards to the weekly PP at the 1.1581 and bounce off it to move downwards to stay at the 1.1550 level during the trading day. The support of the monthly PP at the 1.1546 should support the movement for the currency.  

In another scenario, the European Single Currency might pass the weekly PP at the 1.1581 to surge to the simple moving averages.

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