| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 35% | 40% | -13.1% |
| Shorts | 65% | 60% | 7.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
On Wednesday, the EUR/USD currency pair jumped to the resistance cluster formed by the weekly and monthly PPs, as well the 200-hour SMA in the 1.0951/1.0965 range.
During today's morning, the exchange rate was testing the given resistance. If it holds, it is likely that a reversal south could occur in the nearest future. In this case, the rate could gain support of the 55– and 100-hour SMAs circa 1.0930. It is unlikely that the could drop lower than the Fibo 23.60% at 1.0886.
Otherwise, it is likely that the European Common Currency could continue to extend gains against the US Dollar in the short term. A possible upside target is the 1.0980/1.1000 range. Note the nearest resistance level—the weekly R1, is located at 1.1011.