| Positions | Today | Yesterday | % Change | |
| Longs | 68% | 71% | -4.41% | |
| Shorts | 32% | 29% | 9.37% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Buy | Buy | |
| Stochastic (5; 3; 3) | Buy | Sell | Neutral | |
| Alligator (13; 8; 5) | Neutral | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ⇒ | ⇘ | ⇘ | |
[ANNOUNCE] An intersection of the 55– and 100-hour SMAs at 1.2140 proved to be a strong support for the US Dollar, as it failed to push below the given mark.[/ANNOUNCE] The rate subsequently edged higher, but was reversed at the weekly PP back to both SMAs. As a result, the bounds of the 55– and 200-hour SMAs are starting to squeeze the Greenback in a narrow range.
The rate has managed to recover gradually from the two-and-a-year low near 1.2060; however, its failure to accelerate indicate that bears might still succeed at pressuring the rate south.
It is likely that traders lack decisiveness in the upcoming trading hours; thus maintaining the pair in a relatively stable position in the 1.2180/1.2200 area. In case the 200-hour SMA is breached, this might work as the necessary confirmation of a possible mediate-term surge.