| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Euro has been depreciating against the British Pound since the beginning of 2019. This movement has been bounded in the falling wedge pattern.
As apparent on the chart, the currency pair has already reversed south from the upper wedge line at 0.8708. It is expected that the exchange rate targets the lower pattern boundary located circa 0.8450. If given pattern does not hold, it is likely that a breakout south occurs within the following sessions. Potential downside target is the monthly S2 at 0.8337.
Otherwise, the pair reverses north and continues to trade within given wedge.