| Positions | Today | Yesterday | % Change | |
| Longs | 41% | 37% | 9.76% | |
| Shorts | 59% | 63% | -6.78% | |
| 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 by bulls during the last trading session. This strong momentum allowed the pair to dash through a massive resistance cluster set by the 55-, 100– and 200-hour SMAs and the monthly and weekly PPs.
The Euro stopped near the bottom boundary of the previously-breached channel; thus it seems that it could form a neat retracement from this line. However, given that the aforementioned resistance cluster has now become support, it is likely that the rate fails to move below this area.
Technical indicators support this scenario, showing that a price increase could be expected not only during the following session but even beyond.
The nearest resistance, is the distant 2016/2017 high located at 134.50.