EUR/USD most likely going down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 61% 59% 3.28%
Shorts 39% 41% -5.13%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The European Single Currency depreciated 0.16% since Tuesday's trading session. On Wednesday morning, the rate passed the support of the weekly PP at the 1.1581 mark.  

In regards to the near future, most likely, the rate should go downwards due to the resistance of the simple moving averages, which are located above 1.1580 and will not allow the rate to move upwards during the day. The rate might decline down to the 1.1540 level near the monthly PP during Wednesday's session. 

In another scenario, the EUR/USD could remain without momentum and remain near the weekly PP at the 1.1581 mark.

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