| Positions | Today | Yesterday | % Change | |
| Longs | 39% | 38% | 2.56% | |
| Shorts | 61% | 62% | -1.64% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
Following a rather still morning, the Euro hit the 55-hour SMA at 1.14 mid-Friday and consequently accelerated 132 pips until Tuesday morning when EUR/USD tested the weekly R2 near 1.1550. This strong appreciation pushed the rate out of two channels, the most senior of which was formed mid-July.
It is likely that the Euro tries to make a retracement from the breached one-month channel. The same bearish signals are given by technical indicators which should ease a bit from the overbought territory. Today's downside target is the breached channel line, the 55-period (4H) SMA and the 50.00% Fibonacci retracement at 1.1450.
In case of a surge, bullish gains are unlikely to exceed the monthly S1 at 1.1580. This move north should then be followed by a price decline down to the aforementioned area.