| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 38% | -8.57% | |
| Shorts | 65% | 62% | 4.62% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇗ | ⇑ | |
The common European currency was dominated primarily by bears on Friday. Following a test of the upper boundaries of two ascending channels, the rate reversed south just slightly below the 2016/2017 high at 134.49. The subsequent fall was halted by the combined resistance of the weekly PP and the 55-hour SMA circa 133.20.
The pair opened 28 pips higher than the closing price. This session, however, has marked no changes to the overall price level, as the Euro was fluctuating with low volatility just below the psychological 134.00 mark.
Technical indicators, however, flash strongly bullish signals, suggesting that this lack of direction could be soon turned into a surge towards the aforementioned yearly high.
Meanwhile, the downside target is likely to be the 133.10/20 area.