| Positions | Today | Yesterday | % Change | |
| Longs | 34% | 38% | -11.76% | |
| Shorts | 66% | 62% | 6.06% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇗ | ⇗ | |
The Euro was trading in a minor consolidation phase in the 133.60/90 territory on Friday, thus demonstrating a rather uneventful ending of the week.
This cannot be said about this trading session when the rate opened 22 pips higher (October high) in the wake of Abe's convincing victory in Japan's election during the weekend. The Yen has since strengthened and guided the rate towards the 55-hour SMA circa 133.60.
Even though technical indicators are generally bullish, they are gradually moving south. This suggests that the downward pressure could prevail in the remaining trading hours.
The bottom target could be the weekly PP and the 23.8% Fibo in the 133.30 area. Meanwhile, the upside is guarded solely by the upper wedge boundary circa 134.10.