| 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 | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The common European currency is trading against the Norwegian Krone in a symmetrical triangle. Initially, the currency y pair was moving in an ascending channel. However, after it failed to climb to the upper trend-line for the third time a new pattern started to form. Generally, triangles require at least four confirmation points before breakout. In this context, the pair is expected to surge to the upper boundary of the formation with a potential to break though it and reach the weekly R1 at 9.6036. On the other hand, a combined resistance level formed by the monthly and weekly PP and the 55- and 100-hour SMAs might force the pair to make a rebound and prematurely leave the formation.