Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 32% | 29% | 11.5% |
Shorts | 68% | 71% | -5.5% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Buy | Neutral |
Alligator(13;8;5) | Sell | Sell | Sell |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇘ | ⇒ | ⇘ |
During the previous trading session, the EUR/USD currency pair surpassed the weekly S1 at 1.1184.
During Friday's morning, the pair was testing the lower boundary of the short-term ascending channel at 1.1160. From a theoretical perspective, it is likely, that a reversal north occurs in the nearest future. The pair could try to surpass the resistance cluster formed by the 55-, 100– and 200-hour SMAs, as well the weekly and monthly PPs in the 1.1194/1.1219 range.
However, if the given channel does not hold, it is expected, that a breakout south could occur soon. Note, that the nearest possible support level is the weekly S2 located at the 1.1132 mark.