| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Euro continued to depreciate against the British Pound. The EUR/GBP currency pair has already surpassed the psychological level at 0.8400.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, currently located circa 0.8420. Therefore, it is likely that some downside potential could prevail in the market. Important level to look out for is the Fibonacci 0.00% retracement at 0.8282.
If the given level holds, it is likely that the expected decline might not be immediate. The currency pair could re-test the resistance level—the Fibonacci 23.60% retracement at 0.8528.