| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The single European currency reversed from the bottom border of an ascending channel against the British Pound seven weeks ago. As a result, the currency pair had gained about 4.40% in value during this short period.
Most likely, the exchange rate might make a brief retracement down within this week's trading sessions. The possible target for bearish traders will be near the 100-hour simple moving average at 0.9095.
However, technical indicators flash buy signals on both the smaller and the larger time-frame charts. Therefore, the currency exchange rate might still make a slight upside movement in the coming days.