| Positions | Today | Yesterday | % Change | |
| Longs | 41% | 44% | -7.32% | |
| Shorts | 59% | 56% | 5.08% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Buy | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇑ | |
The European market was shaken early on Monday, as news about the failure of the German Chancellor Angela Merkel to form a coalition caused a massive selling spree for Euro bears.
As a result, the given currency fell 78 pips within the first two hours of today down to its two-month low of 131.40—an area that is reinforced by the 100-day SMA. However, the rate had recovered all of its lost positions by mid-Monday and returned near the lower channel boundary.
Technical indicators flash bearish signals, suggesting that the major resistance cluster formed by the 200– and 55-hour SMAs is likely to limit the pair near the 132.60 mark. The bottom daily barrier should be the aforementioned two-month low.
Meanwhile, the ECB President is to testify on two occasions at 1400GMT and 1600GMT later today.