| Positions | Today | Yesterday | % Change | |
| Longs | 45% | 44% | 2.22% | |
| Shorts | 55% | 56% | -1.82% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Neutral | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
Contrary to expectations, the common European currency was able to gain strength and surpass the 55– and 100-hour SMAs on Thursday. The 200-hour moving average, however, proved to be an unbreakable resistance that restricted the Euro from reaching the 132.80 mark.
The pair remained near all three SMAs for several hours before being driven by significant downward momentum mid-Thursday. As a result, the rate plunged as low as 132.00 and consequently sent technical oscillators in the oversold area.
It is expected that bulls might try to recover some losses and push the rate above the monthly PP and towards the aforementioned moving averages—a level which is likewise reinforced by the 38.2% Fibo. The rate might actually remain in this range and trade sideways.