| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 32% | 10.0% |
| Shorts | 65% | 68% | -5.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
On Tuesday, the EUR/USD currency pair reversed south from the upper line of the medium-term ascending channel. During today's morning, the pair was testing the support level formed by the weekly and monthly PPs, as well the 200-hour SMA near 1.1860.
If the given support holds, it is likely that a reversal north could occur in the nearest future. In this case the exchange rate could face the resistance provided by the 55-hour SMA near 1.1935.
Otherwise, it is likely that some downside potential could continue to prevail in the market, and the rate could re-test the lower channel line located circa 1.7880.