| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
Bearish sentiment has pressured the single European currency against the Canadian Dollar since the beginning of January. The exchange rate has depreciated about 2.97% since January 1.
A breakout occurred through the lower boundary of an ascending channel pattern at 1.5245 during the early hours of today's session.
Given that a breakout had occurred, it is likely that the currency pair will continue its decline and potentially targeting the bottom border of a medium-term ascending channel pattern at 1.5110.
However, a support level formed by the monthly pivot point at 1.5158 could hinder such movement today.