Positions | Today | Yesterday | % Change | |
Longs | 61% | 61% | 0.00% | |
Shorts | 39% | 39% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇘ | ⇒ |
The European Single Currency appreciated 0.40% against the US Dollar since Friday's session. During the last trading session, the currency pair broke the resistance of the monthly S1 at 1.1482 and was stopped by the 200-hour SMA at 1.1539. On Monday, the rate broke the weekly PP at 1.1523 to trade at the 1.1542 mark.
In regards to the near-term future, most likely, the rate will trade sideways to stay near the 1.1500 level due to a lack of any fundaments during the trading day. The 200-hour SMA should resist the European Single Currency during the day.
Besides, the 55-hour SMA will try to catch up the rate after the Friday's surge.