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 | ⇘ | ⇒ | ⇒ |
Thursday's trading session did not introduce massive changes to the direction of EUR/USD. The pair tried to move past the 1.1840 mark but was nevertheless pressured lower by the 55-hour SMA.
As apparent on the chart, the Euro diminished its trading range against the US Dollar yesterday, thus being stranded between the aforementioned SMA and a short-term trend-line.
It is expected that the former is surpassed today, thus paving the way for further surge up to the 100– and 200-hour moving averages at 1.1770. Technical indicators on the 4H and 1D time-frames suggest that this appreciation should continue during the following week, as well.
In case the 55-hour SMA remains intact, the Euro is to target the 1.1740 area.