| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The common European currency recently broke an ascending channel pattern against the Australian Dollar. The decline occurred due to the pair hitting the upper trend line of massive scale descending triangle pattern.
By looking at the resulting decline of the pair, one can observe that a descending pattern is in the formation, and most likely it will reveal itself very soon. The reveal of the pattern might occur through the various short term bounces, which will be caused by the weekly and monthly pivot points in a combination with the various simple moving averages.
The new pattern should guide the currency rate down to the dominant support line, which on Monday was located at the 1.46 mark.