| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
[ANNOUNCE]Since last week's trading sessions, the common European currency has surged by 99 pips or 1.16% against the British Pound. The currency pair tested the 0.8590 level on August 23.[/ANNOUNCE]
All things being equal, the exchange rate is likely to continue to edge higher in an ascending channel pattern during the following trading sessions. The possible target for the EUR/GBP pair will be near the 0.8640 area.
However, buyers could encounter resistance at the 0.8590 level during this week's trading sessions.