Positions | Today | Yesterday | % Change | |
Longs | 34% | 32% | 5.88% | |
Shorts | 66% | 68% | -3.03% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
Alligator (13; 8; 5) | Neutral | Sell | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Sell | |
Aggregate | ⇒ | ⇓ | ⇗ |
By mid-Wednesday, the Euro had managed to erase all gains reached during yesterday.
A strong downside momentum started when the currency pair breached the monthly pivot point at 132.87 and hit the upper trend-line.
Given the magnitude of the recent fall, it is likely that the exchange rate fails to overcome support near the 132.35 regions where the 55-hour simple moving average and the weekly PP are located. However, a reverse north is likely if the support line is able to hold.