| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The Eurozone single currency has surged by 2.85% against the British Pound since the beginning of December. The EUR/GBP currency pair tested the upper boundary of an ascending channel pattern at 0.9200 during last week's trading sessions.
Technical indicators suggest buying signals on the daily time-frame chart. Therefore, the exchange rate could continue to edge higher during the following trading session.
However, a resistance level at 0.9200 could provide a barrier for bullish traders during this week's trading sessions.