| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The common European currency has continued to trade bullish against the British Pound. The currency pair has surged by 9.51% in value since the beginning of March.
Everything being equal, the EUR/GBP exchange rate will most likely continue its upward movement within this week's trading sessions. The potential target for the pair will be at the 0.9800 area.
However, if the currency exchange rate fails to surpass the upper boundary of an ascending channel pattern, bearish traders could drive the price towards the 0.8800 area in the shorter term.