During the recent review of the EUR/USD currency exchange rate some newly formed patterns were spotted. First of all it has to be noted that in the short and medium term the currency pair is in two ascending channel patterns. However, both of the patterns are not fully confirmed, as one of their trend lines has been touched only once. For the minor one that is the upper trend line, and for the dominant one the support line. Although, it can be clearly seen that the currency exchange rate is most likely going to surge in their borders up to the 23.60% Fibonacci retracement level of the 2016 high and 2017 low levels at the 1.1327 mark.
| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 1.1395/98 | Monthly R1; Trend lines | MACD (12; 26; 9) | Buy | Buy | Buy | ||
| R3 | 1.1355 | Weekly R3 | RSI (14) | Neutral | Sell | Neutral | ||
| R2 | 1.1300/27 | Trend line; weekly R2; 23.60% Fibo | Stochastic (5; 3; 3) | Sell | Sell | Sell | ||
| R1 | 1.1248 | Weekly R1 | ADX (14) | Neutral | Neutral | Neutral | ||
| S1 | 1.1204/1197 | Weekly PP; 55-period SMA | CCI (14) | Neutral | Neutral | Sell | ||
| S2 | 1.1148/41 | 38.20% Fibo; weekly S1 | AROON (14) | Buy | Buy | Buy | ||
| S3 | 1.1121/07 | Trend line; monthly PP; 100-period SMA | Alligator (13; 8; 5) | Buy | Buy | Buy | ||
| S4 | 1.1097/90 | Weekly S2; trend line | SAR (0.02; 0.2) | Buy | Buy | Buy | ||
| Aggregate | ↗ | ↗ | ↗ |