EUR/USD trades at 1.1340 14

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 52% 53% -1.92%
Shorts 48% 47% 2.08%
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) Neutral Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

During Thursday's trading session, the European Single Currency surged to the 1.1340 level piercing the resistance of the 200-hour simple moving average. During Friday morning hours, the currency exchange rate was resisted by the 200-hour simple moving average to trade at the 1.1347 mark.  

In regards to the near-term future, most likely, the currency exchange rate will move upwards to break the resistance of the 200-hour simple moving average to trade near the weekly pivot point at the 1.1384 mark. 

On the other side, the 200-hour simple moving average could resist the currency exchange pair to push the rate to trade at the 1.1320 level during the day.

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