EUR/USD aims to 1.1400

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 37% 39% -5.4%
 Shorts 63% 61% 3.2%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Sell Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Sell Neutral Neutral
 Alligator(13;8;5) Buy Sell Sell
 SAR(0.02;0.2) Buy Sell Sell
 Aggregate

During the previous trading session, the currency exchange rate was supported by the simple moving averages to break the resistance level of the weekly R1 at 1.1345. On Wednesday morning, the rate was located above the weekly R1 at the 1.1345 mark. 

It is expected that the European Single Currency will appreciate against the US Dollar to the 1.1400 level. Besides, the weekly R1 at 1.1345 should support the surge during the day. 

On the other hand, during today's US FOMC Meeting Minutes release at 19:00 GMT, the European Single currency could depreciate against the US Dollar to stay at 1.1360.

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