| 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 | ⇘ | ⇒ | ⇒ | |
The common European currency continues to strengthen against its American counterpart in a short-term ascending channel.
The pair managed to accelerate from the 200-hour SMA on Monday, and it was trading at the 1.1720 mark early today. This 1.1740/50 range coincides with the weekly R1, the upper boundary of a four-month channel down, a historically strong support/resistance level and the 200-period (4H) SMA.
The Euro has returned to the overbought territory, and technical indicators flash strong bearish signals. Thus, the 1.1750 area is expected to be a point of reversal that should pressure the rate lower down to the 55-, 100– and 200-hour SMAs near 1.1630.