| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 30% | 28% | 7.0% |
| Shorts | 70% | 72% | -2.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
On Tuesday, the EUR/USD currency pair revealed the rising wedge pattern. During today's morning, the pair was testing the resistance formed by the weekly and monthly PPs in the 1.0850 area.
From the theoretical perspective, it is likely that some upside potential could prevail in the market. However, note that the exchange arte would have to surpass the Fibo 23.60% at 1.0886.
If the given resistance holds, it is likely that the currency pair could break the lower pattern line in the nearest future. Note that the pair could gain support from the 55– and 100-hour SMAs in the 1.0770 area.