| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
After hitting the dominant channel near 1.5250 early in June, the Eurozone single currency gained momentum against the Australian Dollar and began moving in a junior ascending pattern. This move has been gradual with the rate being located near the 1.5745 area at the time of this analysis.
It is likely that the currency pair continues to re-test the upper boundary of the dominant descending channel at 1.5891. In the short term, the Euro might try to surpass the 55– and 100-hour SMAs.
It is expected that the currency exchange rate continues to maintain the junior ascending pattern and thus reaches for its upper boundary during the following trading weeks.