EUR/USD retraces back to 1.1610

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 58% 61% -5.17%
Shorts 42% 39% 7.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The European Single Currency jumped against the US Dollar due to fundamentals on Wednesday. The rate ignored most technical levels, passing through the weekly R1 at the 1.1632 level, which could not stop the rate from the surge. 

In regards to the near future, most likely, the rate should go downwards due to psychological level at the 1.1640 towards the SMAs cluster at the 1.1600 mark.  

On the other hand, the currency exchange rate might take the support of the weekly R1 at the 1.1632 mark to surge even higher towards the weekly R2 at the 1.1710 mark.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.