| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The EUR/GBP exchange rate has been depreciating within the descending channel since the middle of October.
From a theoretical perspective, it is likely that the Euro could continue to decline against the Greenback within the given channel in the medium term. Important level to look out for is the Fibonacci 100.00% retracement at 0.8495.
However, note that the currency pair is pressured by the 200-hour moving average, currently located at 0.8574. Therefore, it is likely that a breakout south from the given channel could occur within the following trading sessions.