| Positions | Today | Yesterday | % Change | |
| Longs | 70% | 62% | 11.43% | |
| Shorts | 30% | 38% | -26.67% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | 0 | 0 | 0 | |
| RSI (14) | 4H | 1D | 1W | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇘ | ⇘ | ⇒ | |
The common European currency traded with low volatility against the Japanese Yen on Friday. The currency pair was stranded between the 50-hour and 100-hour simple moving average during the previous session.
Everything being equal, it is likely that bearish sentiment will be introduced in the market today. Technical indicators suggest a southern movement during the following trading sessions.
However, the currency exchange rate needs to break out from a support cluster formed by the combination of the weekly, the monthly pivot points and the 50-hour SMA at 123.12.