| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 28% | 29% | -3.8% |
| Shorts | 72% | 71% | 1.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
On Thursday, the EUR/USD currency pair revealed a short-term ascending channel. During today's morning, the pair reversed north from the upper channel line.
From a theoretical perspective, it is likely that some upside potential could prevail in the market. In this case the exchange rate could re-test the resistance level—the monthly R2 at 1.1385.
Meanwhile, note that the rate could remain under pressure of the 55– and 100-hour SMAs in the 1.1340 area. Thus, it is likely that the pair could trade along the lower channel line in the short term.