EUR/USD could go upwards

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs35%34%5.0%
Shorts65%66%-2.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)SellNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

On Tuesday, the EUR/USD currency pair reversed north from the 200-hour moving average near 1.1730. During today's morning, the pair exceeded the 1.1820 level.

It is likely that the exchange rate could gain support from the 55– and 100-hour moving averages in the 1.1770 area and extend gains in the nearest future. In this case the rate could re-test the 2020 high at 1.1903.

Meanwhile, it is unlikely that bears could prevail in the market, and the currency pair could decline below the Fibo 61.80% at 1.1707 within the following trading session.

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