| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The European common currency is trading in an intermediate-term ascending wedge since mid-May. The given pattern, however, resembles a channel up due to its boundaries being almost parallel. The rate's movement may be characterized as chaotic, as distinctive peaks and valleys interact with periods of low volatility and accumulation. The latest movement sideways that started in late June indicates that the wedge may no longer be able to restrict the pair. Technical indicators are neutral; however, the nature of the current consolidation may suggest that a breakout south is the most likely option.