| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇓ | ⇘ | ⇗ |
The common European currency is losing ground against the Canadian Dollar in a descending channel pattern. The pair recently bounced off the resistance of a large scale ascending channel. As a result of the following decline the short term channel down was formed. The channel has already pushed through the support of the 50.00% Fibonacci retracement level at 1.4956 level. The relevant Fibonacci retracement levels for this pair are measured by connecting the 2017 low and 2016 high levels. The pair is heading for the support of the 38.20% retracement level at 1.4683. This retracement level might hinder the pairs decline.