| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
After the Euro plummeted against the British Pound in the middle of September, the rate rebounded against a dominant support line. As a result of the rebound a junior channel down pattern has revealed itself. Due to that reason the rate is set to decline in the medium term.
Meanwhile, in regards to the short term, the pair is squeezed in between the resistance of the 50.00% Fibonacci retracement level at the 0.8831 level and the weekly PP together with the 55-period SMA just above the 0.88 mark.
It can be expected that the rate will break to the upside and reach for the resistance cluster located near the 0.8860 mark.