| Positions | Today | Yesterday | % Change | |
| Longs | 42% | 43% | -2.38% | |
| Shorts | 58% | 57% | 1.72% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇓ | ⇘ | ⇑ | |
As apparent on the chart, the Euro was trading along the 55-hour SMA on Tuesday. The same gradual decrease continued to prevail within the following session, as well, until the 131.29 area reversed the pair for the sixth time during the last two months.
By mid-Thursday, the pair had reached the 55– and 100-hour SMAs located near the 131.85 mark. It is likely that the Euro reverses near the latter and forms a minor correction south.
However, the 131.29 area is unlikely to surrender under pressure due to its continuous support. Thus, a move towards the weekly PP at 132.17 is a more likely option.
Moreover, the rate breached a down-trend early in this session, thus adding some ground to the bullish intraday outlook.