| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
The common European currency has surged by 3.05% against the British Pound since the beginning of May. The currency pair tested the upper boundary of an ascending channel pattern at 0.8953 on May 18.
As for the near future, the EUR/GBP exchange rate will likely make a brief pullback towards a support cluster formed by the weekly PP and the monthly R1 at the 0.8860 area.
However, technical indicators suggest that the currency exchange rate could continue to trend bullish during the following trading sessions.