| Positions | Today | Yesterday | % Change | |
| Longs | 27% | 32% | -18.52% | |
| Shorts | 73% | 68% | 6.85% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Buy | Neutral | Sell | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇒ | |
Contrary to expectations, the common European currency remained stable during EBC President Draghi's speech at 1300GMT on Monday. The subsequent movement, however, was a three-hour plunge down to the 132.15 mark. Thus, the rate dashed through the 200-hour SMA and the lower boundary of a minor channel.
Despite slight recovery late on Monday, bears continued their selling spree until mid-today. The massive one-and-a-half-day plunge set technical indicators in the strongly bearish territory. Thus, it is likely that the rate tries to recover some losses.
The Euro could still test the weekly S1 at 131.62, but eventually reverse to the upside. The closest major resistance is set by the monthly R1, while the bottom channel boundary in the 132.00/40 area is a closer distance.