| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
[ANNOUNCE]After hitting the dominant channel near 1.5250 early in June, the Eurozone single currency gained momentum against the Australian Dollar and began moving in a junior ascending pattern.[/ANNOUNCE] This move has been gradual with the rate being located near the 1.5745 area at the time of this analysis.
It is likely that the currency pair continues to re-test the upper boundary of the dominant descending channel at 1.5891. In the short term, the Euro might try to surpass the 55– and 100-hour SMAs.
It is expected that the currency exchange rate continues to maintain the junior ascending pattern and thus reaches for its upper boundary during the following trading weeks.