Positions | Today | Yesterday | % Change | |
Longs | 38% | 39% | -2.63% | |
Shorts | 62% | 61% | 1.61% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Sell | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇒ |
The common European currency remained stable against the Greenback on Friday, as it was confined within the bounds of the 32.20% Fibo retracement and the monthly PP at 1.2225 and 1.2289, respectively.
The pair breaching the 55-hour SMA near 1.2250 could point to a soon period of appreciation. This is likewise supported by other indications, such as the slight two-day consolidation after a week of decline, as well as the Euro's reversal from the 38.20% Fibo and the bottom boundary of a three-month channel up. Thus, it could be assumed that the rate will try to push up to the 23.60% retracement line at 1.2345, at least.
This scenario, however, could be hindered by the combined resistance of the weekly and monthly PPs and the 100-hour SMA in the 1.2290/1.2312 area.