| Positions | Today | Yesterday | % Change | |
| Longs | 29% | 34% | -17.24% | |
| Shorts | 71% | 66% | 7.04% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Sell | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇒ | |
After reaching the psychological level of 133.00 on Friday, it was expected that the Euro would weaken against the Yen and reach for the 55-hour SMA. However, the Euro managed to find strength once more and reach a two-year high at 133.07 by mid-Monday.
Converging technical indicators signal that the expected reversal should begin in the nearest time—most probably during the following trading hours. Even though some short-term appreciation might still occur, this movement up is unlikely to be sustainable, thus pressuring the rate for a decline.
The nearest support is set by the monthly R1 at 132.61; however, being located nearby might not limit further losses. Thus, the downside target could be once again set near the 55– and 100-hour SMAs and the weekly PP circa 132.00.