EUR/USD trades above monthly S1 at 1.1301

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 36% 40% -11.1%
 Shorts 64% 60% 6.3%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Sell Neutral Neutral
 Alligator(13;8;5) Neutral Sell Sell
 SAR(0.02;0.2) Buy Sell Sell
 Aggregate

During Friday's trading session, the European Single Currency was resisted by the 55-hour simple moving average to pass the support level of the weekly S1 at 1.1238. On Monday morning, the rate was trading between the 200-hour SMA and the monthly S1 at the 1.1305 mark. 

It is expected that the currency exchange rate will trade sideways between the 55-hour and the 200-hour simple moving averages to stay at the 1.2800 level.  

On the other hand, the resistance of the 200-hour SMA could push the rate to pass through most of the technical indicators to the 1.1260 level.

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