EUR/USD squeezed by moving averages

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs49%51%-3.5%
Shorts51%49%3.3%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyBuy
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuyBuySell
Aggregate

On Friday, the EUR/USD currency pair skyrocketed to the 1.0860 level. During today's morning, the pair dropped to the support provided by the 55– and 100-hour SMAs near 1.0810.

If the given support holds, it is likely that a reversal north could occur in the nearest future. In this case the exchange rate could target the 1.0860 level.

However, note that the rate would have to surpass the 200-hour SMA and the weekly PP at 1.0830. If the given resistance holds, the pair could consolidate in the short term.

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