| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Sell |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The Euro has been stranded in a four-month ascending channel against the Aussie. Following a reversal from the monthly PP at 1.5650, the pair began its movement towards the 1.62 area where it was located at the time of this analysis.
The strong upside momentum which prevailed during the first part of March has seemingly allayed and become more flat. It is apparent that the rate is currently testing the weekly R2, the senior channel and a trend-line near the aforementioned 1.62 level.
This strong resistance cluster might force the Euro for a period of consolidation and eventually push it lower towards the bottom boundary of the senior channel circa 1.5850 during the following weeks.
In the short term, the pair is likely to be hindered near the psychological 1.60 mark. In case bulls manage to push the Euro higher during the following trading sessions, the ultimate high should be 1.6319—the highest level since 2015.