| Positions | Today | Yesterday | % Change | |
| Longs | 74% | 71% | 4.05% | |
| Shorts | 26% | 29% | -11.54% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇓ | ⇘ | |
After trading at its March high of 107.50 early on Friday, downside risks took over the market and pushed the pair down to the support of the 100-hour SMA, the 23.60% Fibo retracement and the weekly PP.
The pair remained near this level on Monday morning as well, thus being stranded between the 55– and 100-hour SMAs during the Asian session. Technical indicators suggest that the rate is more likely to push higher in this session towards the upper boundary of a three-week channel. This line, however, is unlikely to be reached today. In case of a strong bullish sentiment, the US Dollar could test the weekly R1 and the 38.20% Fibo at 108.00.
Meanwhile, the downside target for today is the 200-hour SMA and a breached channel line at 106.00 which might be used to form a retracement.