| Positions | Today | Yesterday | % Change | |
| Longs | 39% | 38% | 2.56% | |
| Shorts | 61% | 62% | -1.64% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
Following two days of decline which started on Tuesday, the Euro tried to regain some of the lost positions yesterday. This appreciation, however, was not long-lived, as the combination of the 55– and 100-hour SMAs continued to provide an unbreakable resistance for the pair.
During the last week, the pair has diminished its trading range within a six-week descending channel, thus forming a junior wedge. It is expected that this pattern is eventually breached to the upside, so that the rate could test the senior pattern and the 200-hour SMA near 1.1760. This means that the 55– and 100-hour SMAs should eventually be surpassed.
It is likely that these lines still provide strong resistance today prior surrendering early next week.