| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 32% | 39% | -19.5% |
| Shorts | 68% | 61% | 9.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
On Monday, the EUR/USD currency pair reached the resistance level formed by the weekly R1 at 1.1078. During today's morning, the pair was trading near the given resistance.
Given that the exchange rate is supported by the 55-hour moving average, currently located at 1.1057, it is likely that some upside potential could prevail in the market. A possible upside target is the weekly R2 at 1.1101.
However, if the given resistance level holds, it is likely that the Euro could consolidate against the US Dollar in the short term. Also, it is unlikely that bears could prevail, and the pair could drop lower than 1.1035 due to the support formed by the 100– and 200-hour SMAs, as well the weekly PP.