Positions | Today | Yesterday | % Change | |
Longs | 39% | 38% | 2.56% | |
Shorts | 61% | 62% | -1.64% | |
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 | ⇘ | ⇒ | ⇒ |
EUR/USD was trading slightly above the 1.2240 mark early on Friday, being restricted by the 38.20% Fibo retracement.
This sentiment changed in favour of bulls mid-session in response to rather disappointing US employment data. Upside risks likewise prevailed during the following hours, thus sending the pair towards the upper boundary of a short-term channel and the weekly PP circa 1.2280. As a result of this upside movement, the Euro has likewise formed a retracement from the previously-breached senior channel.
Technical indicators are more bearish for today, thus suggesting that the combined support of the 55– and 100-hour SMAs near 1.2275 is more likely to be surpassed than the 200-hour SMA at 1.23. The latter is also reinforced by the monthly PP at 1.2320.