| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 46% | 3.2% |
| Shorts | 53% | 54% | -2.9% |
| 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 | ⇘ | ⇘ | ⇘ |
On Wednesday, the EUR/USD currency pair reversed north from the support level formed by the weekly S1 at 1.0992. During today's morning, the pair was testing the resistance formed by the 55– and 100-hour SMAs circa 1.1015.
If the given resistance holds, it is likely that a reversal south could occur in the nearest future. If the given support holds, it is likely that the Euro could consolidate against the US Dollar in the short run.
However, if the given moving averages do not hold, the exchange rate could breach the short-term descending channel. In this case it is unlikely that the rate could exceed the weekly PP and the 200-hour SMA at 1.1055.