| Positions | Today | Yesterday | % Change | |
| Longs | 37% | 31% | 16.22% | |
| Shorts | 63% | 69% | -9.52% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| Alligator (13; 8; 5) | Neutral | Buy | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇑ | |
The common European currency started Thursday's trading session with slight losses.
This situation changed notably mid-session when the ECB released its Monetary Policy Meeting Accounts at 1230GMT. As a result, the pair surged 76 pips and continued to move higher until the time of this analysis. This bullish momentum has pushed the rate for a test of the 200-hour SMA and the weekly PP circa 135.00.
Given that the pair has surged for two consecutive sessions, it is likely that bulls fail to push the rate significantly higher in this session. Thus, it could remain fluctuating between this area and the 100– or 55-hour SMAs for the rest of this session. A surge might follow on Monday.