| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Euro is trading in a descending triangle against the Australian Dollar with its lower boundary fixed near the 1.4830 mark. The given pattern was formed after the hourly fall on August 4 breached the lower boundary of a channel up. Descending channel is a bearish pattern that should guide the pair south irrespective of its previous direction. Thus, a breakout to the downside is a more probable scenario. Nevertheless, it is yet to be seen if it occurs right away. It is more likely that the Euro falls down to the 23.6% Fibonacci retracement which is supported by the 200-hour SMA and the weekly PP circa 1.4840, reverses and provides another upside confirmation prior to breaching to the downside. The nearest resistance is provided by the 55– and 100-hour SMAs at 1.4896, while nearest support—the aforementioned 1.4840 area.