| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency is trading against the Norwegian Krone simultaneously in a medium-term and short-term ascending channels. The latter formation represents a rebound of the currency exchange rate from the bottom edge of the senior channel. An early morning of today's trading session unveils that the pair is trying to leave the junior pattern downwards. If it succeeds to do that, the downfall will follow until the rate will reach the floor of the dominant channel. If it fails, the surge will resume until the rate will reach the upper trend-line of the dominant channel. In both scenarios the currency pair should not go beyond the borders of the elder formation, as it is additionally supported by the weekly and monthly R1 at 9.6343 and 9.6469 from the top and weekly S1 at 9.4472 from the bottom.