| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇘ |
The single European currency has declined by 1.19% against the British Pound since February 1. The currency pair was pressured lower by the 50– period simple moving average.
All things being equal, the exchange rate could continue to edge lower in a descending channel pattern during the following trading sessions. The potential target for bearish traders would be near the 0.8660 level.
However, the weekly support level at 0.8719 could provide support for the EUR/GBP currency exchange rate within this week's trading sessions.