| Positions | Today | Yesterday | % Change | |
| Longs | 43% | 43% | 0.00% | |
| Shorts | 57% | 57% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
As the currency pair did not have any fundamental background that could justify a rapid move, it finished the week near the 55-hour SMA.
However, in early hours of the new trading session it broke though combined support set up by the 38.2% Fibonacci retracement level and the weekly PP and approached the bottom boundary of a three-week long ascending channel. The reason for such sudden fall was based on news about Merkel's failure to form a three-party coalition.
Nevertheless, such weakening of the Euro is expected to have limited effect, as the above lower support line is additionally secured by the 200-hour SMA and the monthly PP located at the psychological 1.1700 level.
At the same time, the rebound is unlikely to proceed above the 1.1760 mark especially when this area will become protected by the falling 55- and 100-hour SMAs.