Positions Today Yesterday % Change
Longs 48% 50% -4.17%
Shorts 52% 50% 3.85%
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) Buy Buy Buy

The second half of Wednesday's trading session was dominated by bulls which managed to push the rate up to the weekly R2 at 133.58.  

The subsequent movement downwards was quite predictable, as technical oscillators were pushed in the overbought area. It seems that the pair has formed a new ascending channel with two confirmations on each side. 

From technical point of view, the aforementioned surge should be followed by a period of decline. This assumption is likewise supported by technical indicators. 

The downside target could be set near the bottom channel line of the newly-established pattern circa 132.90/133.00—a level that is located near the 55-hour SMA and the weekly R1.