Positions | Today | Yesterday | % Change | |
Longs | 42% | 43% | -2.38% | |
Shorts | 58% | 57% | 1.72% | |
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 | ⇘ | ⇒ | ⇗ |
EUR/JPY demonstrated strong upside momentum in the morning session. The Euro breached the 100-hour SMA at 123.42 and approached a resistance cluster formed by the upper Bollinger band, the weekly PP and the 200-hour SMA circa 123.60/65. Nevertheless, the Euro plummeted unexpectedly mid-day, reaching the lower Bollinger band. Market shocks and worse-than-expected US data resulted in increased demand for the Yen as a save-haven currency, reflecting the given move in the EUR/JPY cross, as well. This strong downside momentum, however, should allay in the nearest time, as the Euro may try to resume its position in the area above the 20-hour SMA. Traders should turn their attention to the FOMC's statement today that may add additional pressure to the Euro either way.