| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 37% | 13.95% | |
| Shorts | 57% | 63% | -10.53% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇓ | ⇒ | ⇒ | |
The Euro was able to recover its losses occurring within the first half of Monday, as bulls had managed to push it as high as the 132.40 mark by late evening. However, the 55-hour SMA in conjunction with a sudden plunge early on Tuesday resulted in a continuous downward pressure.
It is likely that the pair's subsequent movement is affected by this 55-hour SMA, thus stranding the common European currency between this line and the four-week low at 131.77 for several hours or even longer.
Meanwhile, the ECB President Draghi is set to deliver opening remarks at the Bank's conference at 0810 GMT on Wednesday. In case something unexpected is said, the Euro might respond accordingly, thus disrupting any predications of its direction later in the day.