EUR/USD consolidates near 1.1620

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs33%30%7.4%
Shorts67%70%-3.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

On Friday, the EUR/USD currency pair raised to the 1.1650 level. During today's morning, the pair tested the resistance level formed by the monthly R3 and the Fibo 61.80% circa 1.1710.

If the given resistance holds, it is likely that a reversal south could occur. In this case the exchange rate could gain support from the 55– and 100-hour SMAs, as well the weekly PP and the monthly R2 in the 1.1573/1.1625 range.

Meanwhile, it is unlikely that bulls could prevail in the market, and the currency pair could exceed the weekly R2 located at the 1.1828 mark in the nearest future.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.