| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
A breakout occurred through the upper boundary of a four-week descending channel pattern at 1.5774. The 50– and 100-hour SMAs are currently providing support for the currency pair at 1.5756.
Given that a breakout had occurred, most likely, the single European currency will aim for a resistance level formed by the 200-hour simple moving average at 1.5863 during the following trading sessions.
Although, the weekly pivot point at 1.5817 could provide resistance for the currency exchange rate in the short-term.