Positions | Today | Yesterday | % Change | |
Longs | 30% | 28% | 6.67% | |
Shorts | 70% | 72% | -2.86% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Sell | |
Stochastic (5; 3; 3) | Buy | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇒ |
Despite trying to accelerate against the US Dollar early on Friday, the common European currency failed to overcome the psychological 1.25 mark. The subsequent reversal was followed by a breach of the 55-hour SMA and the monthly R3 which left the rate between this resistance and the 100-hour moving average.
Technical indicators are generally neutral, thus pointing to a possible period of consolidation. Given that the Euro managed to breach the 55-hour SMA, it is likely that traders see the strengthening of the bearish sentiment within this session and even beyond.
The dashed line on the chart represents a three-week trend-line. A breakout of this line and the 100-hour SMA and the weekly PP circa 1.2380 should confirm the aforementioned scenario.