Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 48% | 48% | 1.1% |
Shorts | 52% | 52% | -1.1% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Buy | Buy | Neutral |
Stochastic(5;3;3) | Buy | Buy | Buy |
Alligator(13;8;5) | Sell | Sell | Sell |
SAR(0.02;0.2) | Sell | Sell | Sell |
Aggregate | ⇒ | ⇒ | ⇘ |
On Thursday, the EUR/USD currency pair declined to the weekly S2 at 1.0842. During today's morning, the rate was trading at the given level.
If the weekly S2 holds, it is likely that a reversal north could occur in the nearest future. In this case it is unlikely that the exchange rate could exceed the Fibonacci 23.60% retracement at 1.0886.
However, note that the currency pair is pressured by the 55-hour moving average near 1.0900. In this case some downside potential could prevail in the market, and the pair could decline to the 1.0800 area.