| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Sell |
| Stochastic (5; 3) | Neutral | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The common European currency is trading in a medium term ascending wedge pattern against the Pound. The wedge formed as a result of the pair rebounding against the lower trend line of a larger channel up pattern.
However, the pair is not going to reach the upper trend line of the channel up pattern, if it remains in the rising wedge pattern. The reason for that is the fact that currency exchange rate would sooner reach the resistance of a massive scale descending channel pattern.
Meanwhile, in the short term the pair is set to trade flat until the combined support of the lower trend line of the junior pattern and the monthly R2 near the 0.9150 mark will force the pair higher.