| Positions | Today | Yesterday | % Change | |
| Longs | 68% | 71% | -4.41% | |
| Shorts | 32% | 29% | 9.37% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Buy | Buy | |
| Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
| Alligator (13; 8; 5) | Neutral | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇘ | |
An intersection of the 55– and 100-hour SMAs at 1.2140 proved to be a strong support for the US Dollar, as it failed to push below the given mark. The rate subsequently edged higher, but was reversed at the weekly PP back to both SMAs. As a result, the bounds of the 55– and 200-hour SMAs are starting to squeeze the Greenback in a narrow range.
The rate has managed to recover gradually from the two-and-a-year low near 1.2060; however, its failure to accelerate indicate that bears might still succeed at pressuring the rate south.
It is likely that traders lack decisiveness in the upcoming trading hours; thus maintaining the pair in a relatively stable position in the 1.2180/1.2200 area. In case the 200-hour SMA is breached, this might work as the necessary confirmation of a possible mediate-term surge.