EUR/USD could trade sideways

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs32%32%0.0%
Shorts68%68%0.0%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇘

[ANNOUNCE] During the previous trading session, the EUR/USD currency pair skyrocketed to the 200-hour SMA at the 1.1180 mark. During Friday's morning, the pair was testing the resistance level—the weekly PP at 1.1192. [/ANNOUNCE] 

Note, that the pair is trading near the upper boundary of the short-term descending channel at 1.1200. Thus, it is likely, that a reversal south could occur soon. In this case, the pair would be supported by the given moving average, as well the 55– and 100-hour SMAs at 1.1162. 

On the other hand, the exchange rate could trade sideways between the 200-hour moving average and the Fibonacci 38.20% retracement located at the 1.1200 mark.

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