EUR/GBP 4H Chart: Medium term decline

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

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

The EUR/GBP is a largely fundamentally affected currency exchange rate, as its larger moves and direction is set by the Brexit talks between the European Union and the United Kingdom.

However, it has not impacted technical analysis. By taking into account various events before hand, the currency pair can be properly charted. 

The rate is ascending in a large scale ascending channel. In the borders of that dominant channel junior patterns can be spotted. Most recently the pair stopped a medium surge and began a medium scale decline, which is set to reach below the 0.8780 mark.

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