| Positions | Today | Yesterday | % Change | |
| Longs | 37% | 30% | 18.92% | |
| Shorts | 63% | 70% | -11.11% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇗ | ⇘ | ⇘ | |
Despite several attempts were made by bears to push the rate lower on Monday, the movement of the common European currency was guided by bulls and the 100-hour simple moving average. As shown on the chart, the currency pair tested the upper boundary of a junior ascending pattern toward the end of Monday's session.
Technical indicators are in favour of subsequent bearish momentum that could dominate the currency pair today. If the exchange rate breached a support cluster set by the 100-hour SMA and the weekly pivot point near the 127.87 mark, this could follow by a decline in price and might likely mark the beginning of a new wave down this week.