| 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 | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The common European currency has appreciated about 3.06% in value since July 25. The currency pair reached August 31, 2018, high level at 0.9191 during this week's trading sessions.
As for the near future, it is likely that the EUR/GBP exchange rate could aim for a support level formed by the 50.00% Fibonacci retracement level at 0.9044.
If the support level holds, the currency exchange rate will continue its bullish momentum in the long-term future.
However, if the pair passes the 50.00% Fibo level, a decline towards a support cluster formed by the 55– and 100-hour SMAs at 0.9011 in the short term.