| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Sell | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
Apart from a dominant one-year channel up, the common European currency has been guided by an ascending channel during the past two months.
In line with this pattern, the pair should continue appreciating towards its upper boundary near the 1.61 mark. However, this climb might be stopped along the way, given that the trend-line of the senior channel (marked with the dashed line) is located near the weekly R1 at 1.60.
Meanwhile, the pair has been fluctuating around 1.59 since mid-Friday, thus pointing to a possible change in sentiment. Even if some further advances still occur, the aforementioned trend-line is likely to provide an unbreakable resistance, thus setting the rate for a period of decline down to the bottom boundary of the junior channel in the 1.57 area.