| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The single European currency has continued to be trading in several channels against the Pound Sterling. Meanwhile, a new junior ascending channel has been spotted as can be observed on the chart.
Following a re-test of the lower boundary of the junior ascending pattern last week, bulls strengthen their position, as a result, the currency pair breached a strong resistance set by the weekly and monthly PPs at 0.8780.
As for near future, the EUR/GBP currency exchange rate is likely to continue its bullish momentum until the newly formed pattern is broken. In the meantime, technical indicators flash buy signals.