Positions | Today | Yesterday | % Change | |
Longs | 39% | 38% | 2.56% | |
Shorts | 61% | 62% | -1.64% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇒ |
The common European currency remained stable against the Greenback on Thursday. A move above the 1.2340 was restricted by the weekly PP and the nearby-located 200-hour SMA, while strong support was provided by the bottom boundary of a five-month ascending channel.
It is likely that the pair tries to move higher today; however, big advances are unlikely to follow in this session, as the 1.2360 area is restricted by the 55– and 200-hour SMAs and the 23.60% Fibonacci retracement.
Fundamentals are likewise unlikely to support a breakout above this mark, as markets of major economies, including the US and Germany, are closed for Easter Holidays.
The senior channel is expected to hold, thus squeezing the rate between these two barriers until early Monday.