Positions | Today | Yesterday | % Change | |
Longs | 33% | 34% | -3.03% | |
Shorts | 67% | 66% | 1.49% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Sell | Buy | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇗ |
The common European currency managed to reach a new peak mid-Wednesday when it made a reversal from the 134.94 mark.
The pair subsequently made a slight correction southwards until the combined support of the weekly R2 and the 55– and 100-hour SMAs circa 134.55 halted further attempts to edge lower.
As a result, the rate keeps diminishing its trading range between two important barriers—the 2016/2017 high and the monthly R1 from above (near 135.00) and the aforementioned SMAs from below.
By and large, no significant fundamental events are scheduled for the remaining week. Thus, the Euro might remain fluctuating in this area until the end of this week/year.