| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The common European currency recently stopped its depreciation against the Singapore Dollar in a medium term descending channel. The reason for the event was the fact that the pair has met with the support of a dominant ascending channel pattern and the 38.20% Fibonacci retracement level of the 2017 low and 2015 high levels near the 1.5420 mark. As a result a triangle pattern can be seen forming from two trend lines of various channels. In accordance with the dominant pattern there will be a breakout to the upside. However, the pair still has to reach the resistance of the junior channel. Moreover, the rate will face the resistance, which is put up by the 50.00% retracement level at 1.5612.