| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 60% | 0.1% |
| Shorts | 40% | 40% | -0.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The EUR/USD currency pair bounced off a support level formed by the 50– and 200– hour SMAs at 128.66 on Tuesday. As a result, the common European currency surged by 31 pips or 0.24% against the Japanese Yen during Tuesday's trading session.
Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, the exchange rate could continue to edge higher within the following trading session.
However, the upper line of a descending channel pattern at 129.00 could still provide resistance for the currency exchange rate within this session.