| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 52% | 45% | 13.4% |
| Shorts | 48% | 55% | -14.4% |
| 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) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
During Wednesday morning hours, the EUR/USD currency pair bounced off the weekly S1 at 1.2045.
It is likely that some downside potential could prevail in the market due to the resistance formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.2080/1.2100 range. Note that the nearest support level—the weekly S2, is located at 1.1968.
In the meantime, if the weekly S1 holds, a reversal north could occur. In this case the currency pair could target the 1.2120/1.2140 area within the following trading session.