| Positions | Today | Yesterday | % Change | |
| Longs | 37% | 38% | -2.70% | |
| Shorts | 63% | 62% | 1.59% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Buy | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇑ | |
The rebound from the 132.30 area on Wednesday provided the necessary bottom confirmation of a one-week channel. The Euro subsequently edged higher and tested the 200– and 55-hour SMAs mid-today.
Given that this area is likewise reinforced by the monthly and weekly PPs, the pair might be reluctant to continue moving north.
Technical indicators nevertheless support a possible increase in price; thus, the rate might remain slightly below this area during the following trading hours. In case of a fall, the monthly and weekly S1s at 132.05 are expected to hold strong.
Meanwhile, the ECB President Draghi is set to speak at a press conference at 1600GMT. This might cause some market fluctuations and if tended northwards might even push through the aforementioned resistance.