| Positions | Today | Yesterday | % Change | |
| Longs | 38% | 40% | -5.26% | |
| Shorts | 62% | 60% | 3.23% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇑ | |
After testing the 55-hour SMA mid-Monday, the common European currency was dominated entirely by bears. This momentum downwards did not hinder even when the pair faced several support areas, including the 200-hour SMA and the bottom boundary of a three-week ascending channel circa 133.00.
As apparent on the chart, the Euro is trading in a newly-drawn channel down. It should, however, bounce off its lower boundary one more time in order to confirm its validity.
Technical indicators support this scenario. Even though the nearest support is located solely at 132.05, the pair is likely to reverse near the 132.40 area prior to testing the 200-hour SMA, the weekly and monthly PPs one more time later in the evening or early tomorrow.