Positions | Today | Yesterday | % Change | |
Longs | 53% | 51% | 3.77% | |
Shorts | 47% | 49% | -4.26% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Neutral | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
The common European currency managed to breach the medium-term descending channel on Monday, even despite being restricted by the 200-hour SMA and the 38.2% Fibonacci retracement. Thus, the rate respected the boundaries of the junior channel and reached its upper line circa 132.70.
The pair demonstrated high volatility in this session, but nevertheless was fluctuating around the above resistance cluster by mid-Tuesday.
Technical indicators flash mixed signals about the pair's direction during the following 24 hours. Thus, two scenarios should be mentioned. First, the Euro might remain in the range between the 100– and 55-hour SMA and the 50.0% Fibo. Second, a more likely option favours the rate pushing towards the weekly R1 at 132.87.