| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The common European currency is trading against the British Pound in the short-term ascending channel. The new pattern started to form as a result of the currency exchange rate's breakout from the rising wedge. For the moment, the pair is pass through the bottom trend line of the channel, which is supported by the 38.20% Fibonacci retracement levels at 0.8706. The Fibonacci retracement levels are measured by connecting the 2016 and 2017 low level with the 2016 high level. For this reason, it is unlikely that the pair will break the channel in the downward direction. In contrast, the rate is expected to continue the surge in accordance with the general trend at least until it reaches the resistance in the form of the 50.00% Fibonacci retracement level at 0.8832.