| Positions | Today | Yesterday | % Change | |
| Longs | 39% | 38% | 2.56% | |
| Shorts | 61% | 62% | -1.64% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇒ | |
Following a test of a five-month ascending channel circa 1.2170, the common European currency was driven by strong upside potential.
The pair advanced by 85 pips during the second part of Friday, but was once again stopped by the 23.60% Fibo retracement near 1.2350. As apparent on the chart, the Euro has failed to surpass this mark for the last seven trading sessions, thus setting a strong resistance level for the following sessions.
Meanwhile, a strong hourly plunge pushed the rate down to the 55-, 100– and 200-hour SMAs and the weekly PP near 1.2270 on Monday morning. It is likely that this area holds strong and therefore allows bulls to resume their movement towards the 1.2350 level.