Positions | Today | Yesterday | % Change | |
Longs | 37% | 33% | 10.81% | |
Shorts | 63% | 67% | -6.35% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Buy | Buy | |
Aggregate | ⇓ | ⇗ | ⇒ |
The pair's movement on Monday did not provide major changes to the overall price level. It was supported by the 200-hour SMA for the whole session prior to plunging suddenly early on Tuesday.
The bearish sentiment did not change during the first part of this session, thus pushing the rate down to the weekly PP at 130.09. As apparent on the chart, the Euro's movement has resulted in the formation of a short-term channel down.
However, some indications suggest that a change in sentiment is likely to occur, as the Euro has hindered near the weekly PP and the 38.2% Fibonacci retracement for the last six hours. The upside target is the 200-hour SMA near 130.50.