| Positions | Today | Yesterday | % Change | |
| Longs | 35% | 29% | 17.14% | |
| Shorts | 65% | 71% | -9.23% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Buy | Neutral | Sell | |
| Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇗ | |
The common European currency continues to depreciate against its Japanese counterpart for the third consecutive session.
The pair lost 93 pips on Tuesday, while loses during the first part of this session had already amounted to 76 pips. Along the way, the Euro was able to remain in the prevailing short-term descending channel.
This session might finally mark the expected reversal north due to various reasons. First, technical indicators are starting to recover gradually from their daily lows.
Second, the 133.30 area is reinforced by various support levels both on the hourly and daily time-frames, including the 55– and 100-day SMAs. It is likely that bears are unable to overcome this cluster and thus allow for the dominance of bulls.
Upside target for the following session could be the 135.00 territory.