| Positions | Today | Yesterday | % Change | |
| Longs | 33% | 34% | -3.03% | |
| Shorts | 67% | 66% | 1.49% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇗ | |
The ongoing fall of the currency exchange rate suggests that it is, indeed, moving in larger descending channel. In support of this version speaks the fact that the pair has successfully bypassed the March 2016 high at 128.18, which previously forced it to make a rebound. At the same time, the currency rate failed to break through the weekly S1 at 127.82 straight away.
Nevertheless, the pair is still expected to slide to the bottom boundary of the senior channel. A summary of various technical indicators support this assumption, sending strong sell signal for the 1H, 5H and 1D timeframes.
Similar position also holds traders themselves, as the average market sentiment remains 60% bearish. Given that today there will be no fundamental data releases anymore, the pair should begin the new trading week in a new junior ascending channel.