Positions | Today | Yesterday | % Change | |
Longs | 49% | 56% | -14.29% | |
Shorts | 51% | 44% | 13.73% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
This trading session has brought no changes to the pair's direction sideways. The Euro continues to trade in a small range, fluctuating around the 20-, 55– and 100-hour SMAs. As there are no fundamentals today that may disrupt this motion, it is expected that the rate may remain in the 123.23/77 range, taking the upper and lower Bollinger band as possible guidelines restricting the pair. It is likely that the Euro forms a more distinctive move either to the upside or downside soon; however, it is rather unclear which direction is set to prevail. It is still trading below the 200-hour SMA; other technical indicators are likewise mildly bearish on the pair. On the other hand, the rate may move above the 200-hour SMA to complete a wave up in order to test the upper channel boundary near the 124.60 area.