Due to the latest developments on the EUR/USD currency exchange rate's charts a full review of the situation has been done. First of all the long term ascending channel has been broken by a medium term channel up pattern. As it has occurred via the breaking of the 50.00% Fibonacci retracement level of the 2017 low and 2015 high levels, it is expected that the currency exchange rate will surge up to the next retracement level. Coincidentally the 61.80% retracement at 1.1190 is close by to the upper trend line of the medium term ascending channel pattern. In addition, the rate is aimed at that level by a short term, narrow ranged channel up pattern.
| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 9.54 | 23.60% Fibo | MACD (12; 26; 9) | Sell | Buy | Buy | ||
| R3 | 9.46 | Weekly PP; monthly R1 | RSI (14) | Neutral | Neutral | Neutral | ||
| R2 | 9.41/42 | Trend line; 55-period SMA | Stochastic (5; 3; 3) | Sell | Sell | Sell | ||
| R1 | 9.37 | 100-period SMA | ADX (14) | Neutral | Neutral | Neutral | ||
| S1 | 9.34 | Weekly S1 | CCI (14) | Neutral | Neutral | Sell | ||
| S2 | 9.30/26 | 38.20%; trends; 200-p SMA; month's PP | AROON (14) | Buy | Buy | Buy | ||
| S3 | 9.22 | Weekly S2 | Alligator (13; 8; 5) | Sell | Buy | Buy | ||
| S4 | 9.17 | Monthly S1 | SAR (0.02; 0.2) | Sell | Sell | Buy | ||
| Aggregate | ↘ | → | ↗ |