| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 30% | 14.29% | |
| Shorts | 65% | 70% | -7.69% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Buy | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
The common European currency edged slightly lower on Tuesday and consequently breached the trading range that had confined the pair for the last six weeks.
The Euro failed to fall below the 131.50 mark on two separate occasions. As a result, it has remained between this trend-line and the 50.0% Fibonacci retracement since late Monday.
The massive fall that started to dominate the market on October 26 has seemingly allayed, thus resulting in the rate fluctuating slightly below the monthly PP. This situation points to a change in sentiment that should eventually let bulls take the upper hand.
Technical indicators are gradually recovering; however, the strong resistance of the 55-hour SMA and the monthly PP could hold the rate below the latter within the upcoming 24 hours.