| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The common European currency has been losing ground against the Swiss Franc throughout the month of May. The reason for the decline is the encounter of the combined resistance of a long term ascending channel pattern and the 61.80% Fibonacci retracement level near the 1.0990 mark. As a result a medium term junior pattern was broken and a narrow ranged descending channel formed. The channel recently has encountered 38.20% Fibonacci retracement level at the 1.0853 level. However, the support has been pierced, which means that the pair is likely set to move in on the lower trend line of the dominant channel and a rebound could follow.