| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 51% | -0.5% |
| Shorts | 49% | 49% | 0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
On Tuesday, the EUR/USD currency pair broke the falling wedge pattern. Also, the pair has revealed a medium-term descending channel.
From a theoretical point of view, it is likely that the exchange rate could trade downwards within the predetermined channel in the short term. A possible downside target is the 1.2060/1.2080 range.
Meanwhile, note that the currency pair could gain support from the 55– and 100-hour moving averages in the 1.2100 area. Thus, the pair could reverse north and re-test the upper channel line located in the 1.2160/1.2140 area.