| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Neutral | Sell |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The common European currency has recently formed a narrow ranged ascending channel pattern against the Swiss Franc on the four hour charts. The reason for the formation of the channel was a rebound against a Fibonacci retracement level.
Namely, after reaching a new high level the Euro began a retreat against the Swiss Franc and eventually plummeted in the second half of September. By using that high level as the 00.00% Fibonacci level and the 2017 low level as the 100% mark, one could have predicted that the pair will rebound against the 1.1388 mark, where the 23.60% retracement is located.
Meanwhile, in regards to the short term, the pair is set to approach two pivot points until it makes another attempt at the 2017 high level.