| Positions | Today | Yesterday | % Change | |
| Longs | 34% | 38% | -11.76% | |
| Shorts | 66% | 62% | 6.06% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
| Alligator (13; 8; 5) | Sell | Buy | Neutral | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇗ | |
The common European currency was driven by a strong downside momentum against its Japanese counterpart on Thursday after ECB president Mario Draghi speech. As a result, the pair fell 0.96% by the end of trading day.
This bearish sentiment resulted in a breakout through the lower boundary of the ascending channel. The exchange rate has since remained stable and trading below the 132.46 mark.
Everything being equal, it is expected that the Euro gains enough strength to push back to the ascending channel. A notable short-term target could be the 100– hour simple moving average.