| Positions | Today | Yesterday | % Change | |
| Longs | 29% | 29% | 0.00% | |
| Shorts | 71% | 71% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇒ | |
The Euro's movement during the previous session reveals the strengthening of the bearish sentiment. After reaching a daily high of 1.2305 early on Wednesday, the pair managed to breach the 55– and 100-hour SMAs and the monthly R2.
As apparent on the chart, the Euro has formed a minor descending channel. In line with this pattern, the rate should edge higher towards 1.2240. Given that this area is reinforced by the aforementioned lines, a breakout might not occur.
On the other hand, the southern barrier is set by the weekly PP, monthly R1 and the 200-hour SMA. This cluster is also likely to hold strong, thus stranding the rate in the 1.2230/15 area for the whole session.