| Positions | Today | Yesterday | % Change | |
| Longs | 34% | 29% | 14.71% | |
| Shorts | 66% | 71% | -7.58% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Sell | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
The European common currency reached its 2017 high at 128.65 mid-Thursday. The pair was trading in an ascending channel for three sessions prior to breaching the given pattern to the downside. Technical indicators are slightly bearish, thus favouring further depreciation against the Yen. However, a rebound to the upper channel boundary might likewise be expected. The nearest resistance is provided by the monthly R1 at 128.40. This level corresponds with the abovementioned channel line and the upper Bollinger band. In case the rebound is not to occur, the Euro may test the 100-hour SMA near the 127.04 mark.