| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 33% | 35% | -5.1% |
| Shorts | 67% | 66% | 2.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
Yesterday, the EUR/USD currency pair increased to the resistance level formed by the monthly PP at 1.1069/ During Wednesday morning, the pair was testing the support formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP circa 1.1050.
If the given support level holds, it is likely that the exchange rate could re-test the given resistance in the nearest future. If it does not hold, the rate could reach the upper boundary of the short-term ascending channel located at 1.1100.
Otherwise, the Euro could depreciate against the US Dollar in the short term. A possible downside target is the 1.1000 level. Also, note, that the pair could be affected by the FOMC Statement release at 18:00 GMT.