| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 74% | -3.1% |
| Shorts | 29% | 26% | 7.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The Eurozone single currency bounced off the 50% Fibonacci retracement level at 121.70 on Wednesday. As a result, the currency pair appreciated about 85 base points during yesterday's trading session.
The exchange rate is currently testing a resistance level formed by the weekly R2 at 122.88.
If the currency exchange rate breaks the weekly resistance level as mentioned earlier, a surge towards a swing high at 123.18 could occur.
On the other hand, if the weekly R2 holds, a retracement towards a support cluster formed by the 50– and 100-hour SMAs at 122.18 might be expected.