| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The common European currency has reached the upper boundary of a large-scale triangle against the British Pound.
As shown on the chart, the currency exchange rate has formed a flag. The pair tested the upper boundary of a rectangle and retraced south.
As for near future, traders should look for opportunities to trade in either direction once there is a breakout from the rectangle. In addition, technical indicators suggest that the EUR/GBP pair could decline further.