Positions | Today | Yesterday | % Change | |
Longs | 45% | 30% | 33.33% | |
Shorts | 55% | 70% | -27.27% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇗ |
The overall sentiment on Wednesday was strongly bullish for the common European currency. The rate dashed through the 55– and 100-hour SMAs, the monthly PP and the 38.2% Fibo.
Meanwhile, the ECB Conference mid-today pushed the rate as high as the 131.10 mark, thus passing the 200-hour SMA, the weekly PP and the 23.6% Fibo in a matter of few minutes.
This surge is expected to allay and consequently relocate the Euro between the 23.6% and 38.2% Fibonacci levels. However, it may still take a few hours before bulls lose their strength.