Positions | Today | Yesterday | % Change | |
Longs | 37% | 45% | -21.62% | |
Shorts | 63% | 55% | 12.70% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Buy | Buy | |
Alligator (13; 8; 5) | Sell | Sell | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Sell | |
Aggregate | ⇘ | ⇘ | ⇗ |
Downside risks dominated the Euro yesterday, as the pair closed the session with a 140 base point lost. Along the way, the currency pair breached the 55-, and the 100-hour SMAs.
During the European trading session on Wednesday, the rate had reached a five-month low.
Technical indicators suggest that the overall movement during the following 24 hours should remain bearish.
However, given that technical sentiment is located in the oversold region, a short retracement south is likely.