Positions | Today | Yesterday | % Change | |
Longs | 39% | 38% | 2.56% | |
Shorts | 61% | 62% | -1.64% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Buy | Sell | Buy | |
Alligator (13; 8; 5) | Neutral | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇒ | ⇗ | ⇑ |
The common European currency was stranded by the 55-hour SMA during the first half of Tuesday.
This line was breached mid-session when the pair fell down to the weekly PP. The Euro subsequently tried to move past the 133.35 area; however, the combined resistance of the 100– and 200-hour SMAs and the weekly PP provided a strong barrier.
From theoretical point of view, the pair is expected to depreciate within the following week in line with the prevailing channel down. However, the following trading hours might still mark a re-test of 133.35. This area is unlikely to be breached.
Conversely, the nearest resistance is the distant weekly S1 at 132.57. This mark, however, might not be reached in this session, as the 55-day SMA is located at 132.80.