| Positions | Today | Yesterday | % Change | |
| Longs | 47% | 47% | 0.00% | |
| Shorts | 53% | 53% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Neutral | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇗ | ⇒ | |
Despite higher volatility that was apparent mid-Tuesday, the US Dollar failed to reach the five-month high of 1.2910. During this time, the pair was supported by the 55- and 100-hour SMAs.
The given support was breached mid-session when sluggish US CPI data started pressuring the rate southwards. The next support is the weekly PP and the 200-hour SMA circa 1.2785.
In case downside risks continue to prevail during the following hours, the pair might not go as low as this level but reverse near 1.28. It is expected that the Greenback could still push towards 1.2910.
Meanwhile, the Federal Reserve is set to release various fundamentals and have a press conference at 1900GMT and 1930GMT, respectively. It is likely that these fundamental events have impact the market.