| 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 previous trading week brought weakness to the EUR/USD exchange rate, with the pair losing 102 pips lower from its weekly high of 1.1730. In terms of today, the it was stranded between the strong bounds of the 200– and 55-hour SMAs.
It seems that the pair might be reluctant to push above the former at 1.17, as this level is likewise strengthened by the 100-hour and 55-period (4H) SMAs and the weekly PP. Thus, it is more likely that the rate continues to edge lower towards the weekly S1 at 1.16 during the first part of the day, at least.
This bearish sentiment should nevertheless change within the following days, thus giving bulls the opportunity to retake their lost positions. In case the aforementioned resistance is breached today, the Euro should target 1.1760.