EUR/GBP 4H Chart: Large Scale Rebound

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Sell Sell
Alligator (13; 8; 5) Neutral Neutral Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

During the previous review of the EUR/GBP pair our analysts predicted a rebound on a large scale. However, the rebound occurred much earlier than expected. This has provided the opportunity to adjust the long term support line and start observing the rebound. 

In general the pair has formed a small scale channel up pattern. In the near future the pair should once more rebound against the channel s support and begin an approach of the weekly and monthly PPs, which are located above the 0.8930 mark.

That resistance should be broken in accordance with the larger scale situation.

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