| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 61% | 62% | -0.2% |
| Shorts | 39% | 38% | 0.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The EUR/USD currency pair bounced off a support level formed by the lower boundary of a descending channel pattern at 1.1765 on Monday. As a result, the common European currency surged by 55 pips or 0.46% against the US Dollar during Monday's trading session.
As for the near future, the exchange rate could continue to edge higher. A breakout through the upper boundary of the channel pattern could occur within this session.
However, if the descending channel pattern holds, bears could drive the currency exchange rate lower today.