| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 66% | 65% | 0.7% |
| Shorts | 34% | 35% | -1.3% |
| 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) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The common European currency depreciated about 45 basis points against the US Dollar on Tuesday. The decline started after the currency pair tested the monthly pivot point at 118.08.
The EUR/JPY will most likely continue its southern movement today. Bearish traders might aim for a support level formed by the monthly S1 at 117.40 during the following trading session.
Furthermore, technical indicators flash sell signals on both the smaller and the larger time-frame charts. Therefore, bearish sentiment could prevail in the market within this session.