| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Buy | Sell |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇓ | ⇒ | ⇗ |
At the end of August the common European currency met the upper trend line of a dominant channel pattern against the Australian Dollar. The event forced the pair lower. The resulting move occurred in a speculated channel down pattern.
As the rate moved in the pattern, it recently shortly broke through a strong support cluster at the 1.4855 mark. Due to that reason it is expected that the currency exchange rate will continue to decline.
If the descent continues in the already set angle, the currency pair will reach for a dominant support line near the 1.4770 mark. In addition, near that level, at 1.4766, the weekly S2 is located at.