EUR/USD is at weekly R2

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 59% 58% 1.69%
Shorts 41% 42% -2.44%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The European Single Currency appreciated 0.64% against the US Dollar since Thursday's session. The currency exchange rate was located near the weekly R2 at the 1.1710 level during Friday morning hours.  

In regards to the near future, most likely, the rate should retrace backwards due to the resistance of the weekly R2 at the 1.1710 level and 38.20% Fibonacci retracement level at 1.1720.  

On the other hand, the European Single Currency might ignore resistance of the weekly R2 and the 38.20% Fibo level and surge upwards.

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