| Positions | Today | Yesterday | % Change | |
| Longs | 72% | 73% | -1.39% | |
| Shorts | 28% | 27% | 3.57% | |
| 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) | Neutral | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇘ | |
Following a test of 0.7410 on Monday morning, downside risk took control of the market and pushed the pair –0.68% lower during the following hours. As a result, the currency pair breached the weekly PP and the 55-.100-,200-hour simple moving averages.
Given that the currency pair has been trading in several downtrend channels, the decline could continue for the rest of today.
Technical indicators flash strong sell signals on the daily time frame. Therefore, bears is likely to grow stronger within the following trading session for a potential target at the weekly S1 at 0.7341.