| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 47% | 2.08% | |
| Shorts | 52% | 53% | -1.92% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Sell | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Sell | |
| Aggregate | ⇓ | ⇓ | ⇒ | |
During the previous trading session the currency rate slipped to support area near the 1.1580 mark, as expected, made a rebound and returned to the place from which it started.
As the pressure from falling 55- and 100-hour SMAs hasn't gone anywhere, the pair is still projected to move in the southern direction towards the weekly S1 located at the 1.1572 level.
There is also a need to take into account an additional barrier formed by the slope that is moving along the falling 200-hour SMA. Moreover, the market continues to be dominated by bears, as the number of traders with bullish sentiment reaches only 40% on average.
Even if the Euro makes an attempt to surge amid an impulse from Draghi speech in Frankfurt, this recovery is expected to have a limited effect due to additional resistance set up by the weekly PP at 1.1631.