EUR/USD breaks monthly PP at 1.1413

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 49% 41% 16.33%
Shorts 51% 59% -15.69%
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 Buy Sell
Aggregate

During Wednesday's trading session, the currency exchange pair was resisted by the monthly PP and the 55-hour SMA to end the trading session at the 1.1385 mark. During Thursday morning hours, the currency exchange rate broke the resistance of the monthly pivot point at 1.1413 to trade at the 1.1424 mark.  

In regards to the near-term future, most likely, the currency exchange rate will trade upwards to meet the upper boundary of the medium pattern line at the 1.1450 level. The 100-hour SMA will support the surge during the trading session. 

On the other side, due to a lack of fundamental news on Thursday, the European Single Currency could trade sideways to stay at the 1.1420 level during the day.

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