EUR/USD trades sideways

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 39% 36% 7.7%
 Shorts 61% 64% -4.9%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell 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 Monday's trading session, the currency exchange rate was trading sideways to stay at 1.1300. On Tuesday morning, the European Single Currency was trading above the monthly S1 at the 1.1307 mark. 

In regards to the near-term future, most likely, the rate will be trading sideways to stay between the weekly R1 at 1.1345 and the weekly PP at 1.1289. 

However, the resistance of the 200-hour simple moving average could push the rate to pass through most of the technical indicators to trade at the 1.1260 level.

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