| Positions | Today | Yesterday | % Change | |
| Longs | 64% | 61% | 4.69% | |
| Shorts | 36% | 39% | -8.33% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Neutral | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇘ | ⇒ | |
Bearish pressures have dominated the pair since December 22. As a result, the rate had plunged to its ten-week low of 1.2517 by late Friday.
The US Dollar subsequently entered a minor period of consolidation slightly below the 55-hour SMA. This change in sentiment suggests that the Greenback might finally overcome its recent weakness and re-gain some of the lost positions.
Given that the pair faces some significant resistance levels along the way, the US Dollar might fail to pick up speed right away.
In case bears manage to prevail during the following session and thus move the rate below the 1.25 mark, the weekly S1 at 1.2480 is likely to provide notable support.