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 | ⇘ | ⇒ | ⇒ |
Despite breaching the weekly PP and the 200-hour SMA to the upside early on Monday, the Euro failed to accelerate against its American counterpart and remained trading along this long-term moving average during the remaining session, as well. It is likely that the nearest support cluster, likewise reinforced by the monthly PP and the 55– and 100-hour SMAs, provides an unbreakable barrier and thus guides the rate towards 1.176 where a trend-line, the 23.60% Fibonacci retracement and the weekly R1 are located. By and large, a strong upside momentum should not exceed the pair's one-month high of 1.18. Conversely, in case bears take over the market and breach the aforementioned support cluster, the next target for the Euro would be the weekly S1 at 1.16.