| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency has bounced off the resistance of a dominant pattern against the Swiss Franc. In the aftermath of the bounce off the pair seems to have broken the support of a junior channel up pattern. As a result of the move a new descending pattern has revealed itself.
By looking at the pattern, it seems that, if the pair breaks free from the levels of significance near the 1.1620 mark, the currency exchange rate will start a gradual decline down to the support of the wedge. It should meet the dominant support level in the range from 1.1500 to 1.1550.