| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The common European currency is losing value against the Canadian Dollar in a falling wedge. The pattern started to after the currency rate did not manage to retreat to the bottom boundary of a descending channel and, thus, make a second confirmation point. A 120-pip appreciation of the Loonie on Friday did not help to push the pair downwards as well. For this reason, during the rest of the day it is expected to try to reach the combined resistance level formed by the weekly R1 at 1.4796, the upper-channel line, the 55- and 100-period SMAs, which, in turn, is supposed to give an impulse strong enough to help the pair to breakout downwards. In an alternative scenario, the pair might prematurely overstep the pattern's border but no further than support level formed by the weekly and monthly S1 at 1.4612.