EUR/USD aims to S1 at 1.1394

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 32% 29% 9.38%
Shorts 68% 71% -4.41%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Buy Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

During Monday's trading session, the rate passed through the support level of the monthly PP at 1.1435. On Tuesday morning, the European Single Currency was located at the 1.1413 mark. 

Most likely, the rate will trade sideways to stay between the weekly S1 at 1.1394 and the 200-hour simple moving average at 1.1422.This would occur, if the rate would consolidate its decline.  

On the other hand, the rate could pass the 200-hour simple moving average's support and decline down to the 1.1395 level. At that level the weekly S1 pivot point is located at.

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