Positions | Today | Yesterday | % Change | |
Longs | 43% | 44% | -2.33% | |
Shorts | 57% | 56% | 1.75% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Buy | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇗ |
In line with expectations, the currency exchange rate failed to slip below combined support formed by the 38.2% Fibonacci retracement level and the weekly R2 as well as to climb above combined resistance set up by the 50% retracement level and the monthly R1.
It seems that the pair will continue moving undecidedly due to additional pressure exercised by the rising 55-hour SMA from one side and the weekly R3 from the opposite side.
There is a good chance that the exchange rate will make a decisive breakout during one of today's fundamental events, such as the US housing data release.
In the meantime, there is a need to remember that traders' outlook for the Euro remains predominantly bearish so as the aggregate market sentiment, which is 67% bearish.