| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The common European currency has continued its decline in a descending channel pattern against the Canadian Dollar. The currency pair depreciated about 1.02% in values during the last week.
Given that the 50-, 100– and 200-hour simple moving averages are located above the price level, it is likely that the decline could continue during this week's trading session. The potential downside target will be near a support cluster formed by the combination of the weekly and the monthly PPs at 1.4816.
On the other hand, the currency exchange rate could reverse from the current price level at 1.4904 and aim for the 200-hour SMA at 1.5074 during the following trading sessions.