| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The EUR/USD currency pair has been trading up since the end of April when the pair reversed north from the lower boundary of the medium-term ascending channel at 10.45.
As apparent on the chart, the exchange rate is testing the upper channel line at the 10.85 mark. From a theoretical point of view, a reversal south should occur in the nearest future.
Note, that the pair is supported by the 200-hour moving average. Thus, if the given channel does not hold, it is expected, that a breakout north could occur within the following sessions. However, the rate has to surpass the monthly R2 at 10.85.