EUR/USD touched 1.2080

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs37%40%-8.4%
Shorts63%60%4.9%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellSellNeutral
Stochastic(5;3;3)SellSellSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇒⇒⇗
[ANNOUNCE]

On Tuesday, the EUR/USD currency pair skyrocketed to the weekly R2 at 1.2075.

[/ANNOUNCE]

If the predetermined resistance level holds, it is likely that a reversal south could occur in the nearest future. Note that the exchange rate could gain support from the 55-hour SMA and the weekly R1 in the 1.2000/1.2020 area.

If the given support holds, a reversal north could follow. Otherwise, the currency pair could target the support formed by the weekly PP and the 200-hour moving average circa 1.1920.

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