Positions | Today | Yesterday | % Change | |
Longs | 41% | 42% | -2.44% | |
Shorts | 59% | 58% | 1.69% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇒ |
An announcement of the European Minimum Bid Rate together with subsequent speech delivered by the ECB President Mario Draghi caused a lot of anxiety yesterday. After an 88-pip appreciation of the Euro, the currency pair expectedly continued to climb upstairs, although at a slower pace. Contrary to certain analysts' expectations, it made a rebound already from the first resistance line set up by the weekly R1 at 130.42. Friday's morning clearly showed an intention to regain the lost ground. Nevertheless, this attempt most likely is going to fail, as the southern side is strongly protected by a combination of the 55-, 100- and 200-hour SMAs plus the weekly PP at 129.46. In addition, traders should take into account that the pair has entered in a new weekly ascending channel.