| Positions | Today | Yesterday | % Change | |
| Longs | 37% | 40% | -8.11% | |
| Shorts | 63% | 60% | 4.76% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
Despite showing some signs of recovery on Friday, the Euro failed to move above the 200-hour SMA and was thus pushed even lower down to the 131.76 mark.
If looking at the pair in the mediate term, it is apparent that the Euro has formed a descending triangle, given that the slight upward correction which was formed mid-Monday is to hold. This bullish movement is likewise supported by technical indicators that point to a possible recovery in the upcoming 24 hours.
Even though some momentum downwards is still possible, the base scenario does favour a recovery, possibly up to a resistance cluster formed by the 200-, 55– and 100-hour SMAs, the weekly PP and the 38.2% Fibonacci retracement circa 132.60.
Along the way, the monthly PP at 132.22 might still restrict the pair from moving higher.