| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 72% | -1.7% |
| Shorts | 29% | 28% | 4.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Eurozone single currency bounced off the lower boundary of a descending channel pattern at 122.50 during Thursday's trading session.
Currently, the exchange rate is stranded between SMAs. The 100-hour simple moving average was providing resistance for the pair at 123.48, while the 50-hour SMA provided support at 123.16.
Most likely, a breakout from the moving averages is likely to occur during the following trading session.
A surge towards a resistance cluster formed by the 200-hour simple moving average and the weekly S1 at 124.08 will be the target for the Euro today.