| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 48% | -2.3% |
| Shorts | 53% | 52% | 2.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The EUR/USD currency pair has revealed a medium-term descending channel. Yesterday, the pair reversed north from the lower channel line at 1.1740.
It is likely that the exchange rate could re-test the upper channel line located circa 1.1890 in the nearest future. If the given channel holds, it is likely that a reversal south could follow.
Meanwhile, note that the rate is supported by the 55-, 100– and 200-hour SMAs in the 1.1830 area. Thus, a breakout north could occur, and the pair could target the weekly R1 at 1.1926.