EUR/USD will trade at 1.1500

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 58% 58% 0.00%
Shorts 42% 42% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The European Single Currency appreciated 0.17% against the US Dollar since Tuesday's session. On Wednesday, the rate was located between the 55-hour and the 100-hour simple moving averages at the 1.1587 mark. 

In regards to the near future, the resistance of the 100-hour simple moving average will push the rate to go downwards passing through the 55-hour simple moving average to trade near the weekly S1 at the 1.1511 level during the day. 

On the other hand, the rate might break the 100-hour SMA and use the 100-hour SMA as support to surge upwards to the monthly PP at the 1.1649 level.

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