| Positions | Today | Yesterday | % Change | |
| Longs | 44% | 45% | -2.27% | |
| Shorts | 56% | 55% | 1.79% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇗ | ⇗ | ⇗ | |
The common European currency continued to rise against the Dollar in a tiny ascending channel. Despite release of improved housing data the pair managed to break through the upper boundary of a one-month long descending channel and end the day at the 61.8% Fibonacci retracement level located at 1.1887.
The rising moving averages that are lying along the lower edge of the pattern are expected to support the further surge. However, there is a need to take into account that supposed resistance zone located around the 1.1910 mark might lead to a fully-fledged rebound.
If this scenario materializes it might be a sign confirming an existence of another larger ascending channel. In this regard it should be noticed that 51% of pending orders in 100-pip range are set to sell.