EUR/USD moves sideways at 1.1450

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 61% 62% -1.64%
Shorts 39% 38% 2.56%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

During Monday's trading session, the currency pair passed through most of the technical indicators to end the trading day at the 1.1407 mark. During Tuesday morning hours, the European Single Currency was located near the monthly pivot point at the 1.1406 mark. 

In regards to the near-term future, most likely, the currency exchange rate will trade sideways to stay in the range between the monthly pivot point at the 1.1413 and the weekly pivot point at the 1.1382.  

However, today's US Congressional Elections may affect the rate to break the resistance of the monthly PP at 1.1413 or the support of the weekly PP at 1.1382.

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