| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency has been trading against the Singapore Dollar in the short-term descending channel since the begging of June. However, the narrowing fluctuations of the currency rate allow fixating two reaction highs and drawing the upper resistance line for the falling wedge. At the present moment, the pair is squeezed between the weekly S1 at 1.5444 from the bottom and 50% Fibonacci retracement level at 1.5462 as well as the monthly PP at 1.5463 from the top. The relevant Fibonacci retracement levels for this pair are measured by connecting the 2016 and 2017 low levels with the 2015 high level. Given the general downtrend, most likely the rate will break the support line and then will try to break from the wedge in the same direction.