Positions | Today | Yesterday | % Change | |
Longs | 44% | 47% | -6.82% | |
Shorts | 56% | 53% | 5.36% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
The picture on the EUR/USD charts is a complicated mix of technical levels and fundamental events causing various moves. This combination has resulted in a rather high volatility to the upside in the last 24 hours.
In general, the pair bounced off the support of the speculative long term channel, which was strengthened by a weekly pivot point near the 1.2150 mark.
The event coincided with the sudden announcement that Donald Trump will impose tariffs on metal imports. That caused a sudden increase in volatility.
The volatile trading broke various resistance levels until the surge paused on Friday morning near the 200-hour SMA.