| Positions | Today | Yesterday | % Change | |
| Longs | 49% | 50% | -2.04% | |
| Shorts | 51% | 50% | 1.96% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Neutral | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Sell | |
| Aggregate | ⇒ | ⇗ | ⇘ | |
Downside risks prevailed in the market on Thursday, thus sending the common European currency to tumbled by 137 base points against the Japanese Yen. Furthermore, the currency pair breached the 50– and 100-hour simple moving averages.
By the middle of the European session on Friday, the exchange rate was trading below the 23.60% Fibonacci retracement level. This retracement can be measured by connecting the low at 124.93 and the July 31 high at 131.14.
Given that the currency exchange rate has breached the 23.60% Fibo, the next target for bearish traders could be near the 38.20% during the following trading session.