| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇗ |
The common European currency has continued to trade in the same pattern against the Australian Dollar for some time. Although, there are some minor developments that are explained in this analysis.
Mainly, a junior channel down pattern has been discovered in the borders of the medium term channel down pattern. The channel has already done its main task of guiding the pair to the upper trend line of the dominant pattern. However, it is still set to do an important role.
After the pair declines below the monthly S1 at 1.53 mark, the lower trend line of the junior channel will likely slow down the fall of the rate until it reaches the monthly S2 at the 1.5210 level.