Positions | Today | Yesterday | % Change | |
Longs | 39% | 38% | 2.56% | |
Shorts | 61% | 62% | -1.64% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇒ |
Due to the lack of outside pressure, Monday's trading session was relatively calm for the EUR/USD exchange rate, as it remained fluctuating between the 55-hour SMA and a senior channel line. A breakout from this moving average is necessary to consider before going long on the pair.
Given that technical indicators on the 1H and 4H time-frames are starting to show signs of a possible recovery, this confirmation is expected to occur in the nearest time. The most likely upside target during the following days is the 100– and 200-period (4H) SMAs near 1.1665.
Meanwhile, the Euro might be reluctant to move past the weekly S1 located at 1.1540, as this is the pair's lowest position in a year. Thus, even if a surge does not occur today, losses should likewise be limited.