| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The common European currency is trading against the Swiss Franc in a short-term ascending channel. Formation of the channel represents a result of the weekly surge that happened after the currency pair left the double top pattern. By the moment, the channel is far enough away from any sizable barriers. Namely, the closest combined resistance level set up by the weekly and monthly R1 is located near the 1.0991 mark. Similarly, the closest combined support level formed by the 55-period SMA, the monthly and weekly PP is located near the 1.0921 mark. For this reason, the pair is expected to continue to move within the channel at least until it makes a second confirmation from the bottom. Only afterwards the pressure from the rising SMAs might give an impulse for the pair to breakout upwards.