| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The EUR/GBP currency pair has been trading within the ascending channel since the beginning of June. As apparent in the chart, the pair has already reversed north from the channel lower line at 0.8963.
From a theoretical perspective, it is expected, that some upside potential could prevail in the short term, as the exchange rate should target the upper channel boundary located in the 0.9060/0.9080 range.
It is unlikely, that the rate could breach the given channel north due to the resistance level formed by the Fibonacci 100.00% retracement at 0.9070. It is likely, that the pair could continue to trade within the given trend in the medium term.