Positions | Today | Yesterday | % Change | |
Longs | 41% | 36% | 12.20% | |
Shorts | 59% | 64% | -8.47% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Buy | Buy | |
Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇑ |
The common European currency continues its bullish path. By 14:00 GMT, the pair already moved past the 23.60% Fibonacci retracement level and headed upwards to book a new high. The retracement can be measured with the low of 133.08 and the high of 136.62.
However, initially the pair was heading to test the previous high level which was located near the 136 mark.
The bullish movement is likely to find resistance at the weekly R1 at 136.02. If this resistance will be able to hold, there should be a brief retracement south.