Positions | Today | Yesterday | % Change | |
Longs | 51% | 46% | 9.80% | |
Shorts | 49% | 54% | -10.20% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Buy | Sell | Buy | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
The Euro started its session calmly on Friday; however, two massive leaps to opposing directions mid-session disrupted the rate's hindrance slightly below the monthly PP, pushed it up to 132.70 and subsequently back in the 132.50 area.
This resistance level was held convincingly until Monday morning when the Euro pushed for the 100-hour SMA circa 132.40.
The given currency has reached the upper boundary of a medium-term channel—a level that intersects with the 200-hour SMA and the 38.2% Fibonacci retracement.
Given the general declining slope of the pair, it might fail to overcome this resistance cluster and consequently remain near the aforementioned channel boundary until Tuesday.