| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
Since September 29, the common European currency has declined by 1.42% against the British Pound. The currency pair breached the 50– and 200– period SMAs last week.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. The potential target for sellers would be near the 0.8460 level.
However, bearish traders may encounter a support level at 0.8505 within this week's trading sessions.