Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Sell |
RSI (14) | Buy | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Sell | Buy | Sell |
SAR (0.02; 0.2) | Sell | Buy | Sell |
Aggregate | ⇘ | ⇗ | ⇓ |
The common European currency has been bound in several long and medium-term patterns which have guided the currency pair lower since August 2017.
When taking a look at the price movement, the pair's has been trading in a large-scale triangle which was formed in August. The Euro bounced off the lower boundary of a medium-term pattern on January 24 and has since surged against the Pound Sterling.
Meanwhile, EUR/GBP is facing a support at the weekly pivot point near 0.8818. Also, it is important to point that technical indicators favour bearish movement.