| Positions | Today | Yesterday | % Change | |
| Longs | 55% | 45% | 18.18% | |
| Shorts | 45% | 55% | -22.22% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇑ | |
The common European currency was stranded between the 100-hour SMA and the weekly S1 on Thursday. Subsequently, the rate tested the former for several hours and eventually breached its resistance. The Euro, however, failed to accelerate and thus remained in the 130.00/20 territory during Friday's morning session.
In general, the pair has reached the upper boundary of a descending channel. This suggests a soon breakout. However, given the strong barriers on both sides, rather strong push is needed to move past any of these lines.
The steepness of the channel suggests that a breakout might occur to the upside. This increase in price, however, is unlikely to be steep during Monday, thus setting the monthly PP at 132.80 as the upside target.