| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇓ | ⇘ | ⇒ |
The common European currency has been trading in an ascending channel against the Swiss Franc after it hit the lower boundary of an eight-month dominant channel.
During the past few weeks, the pair has formed a new junior pattern. A breakout is likely to occur through the upper boundary of a triangle within the following trading session.
Technical indicators are in favour of bears to continue their dominance over the currency exchange rate.