Positions | Today | Yesterday | % Change | |
Longs | 32% | 29% | 9.38% | |
Shorts | 68% | 71% | -4.41% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Neutral | Buy | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇒ |
During Monday's trading session, the rate passed through the support level of the monthly PP at 1.1435. On Tuesday morning, the European Single Currency was located at the 1.1413 mark.
Most likely, the rate will trade sideways to stay between the weekly S1 at 1.1394 and the 200-hour simple moving average at 1.1422.This would occur, if the rate would consolidate its decline.
On the other hand, the rate could pass the 200-hour simple moving average's support and decline down to the 1.1395 level. At that level the weekly S1 pivot point is located at.