| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 41% | 4.65% | |
| Shorts | 57% | 59% | -3.51% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Buy | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇑ | ⇗ | ⇒ | |
The Euro was trading with low volatility since mid-Wednesday, thus remaining near its long-term high of 134.50 for several hours. The given mark was unsuccessfully re-tested early in this session.
This small trading range was eventually breached in the wake of the ECB's statement to start cutting the bond purchase programme next year. The Euro fell 36 pips immediately after the release, as traders were expecting a more hawkish tone from the Bank.
This move resulted in the rate dashing through the 100-hour SMA and moving towards the combined support of the weekly PP, the 200-hour SMA and the 23.8% Fibonacci retracement circa 133.25.
It is likely that the rate remains pressured by bears that could push the rate down to this support. Upside target could be the aforementioned 134.50 mark.