| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Neutral | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The bearish sentiment has prevailed the EUR/GBP currency pair, confining the pair within the bounds of a channel down. The given pattern was formed following a breakout of a senior channel late August.
The pair has entered a slight consolidation period since late Tuesday, as the rate failed to surpass the monthly PP at 0.9147, that was preceded by a strong momentum southwards. This change in sentiment demonstrates that the price has currently reached a relatively stable equilibrium between bulls and bears.
Diverging technical indicators suggest that the Euro is likely to recover against the Pound during this session, at least. The scope of the recovery, however, is yet unclear. The rate may trade sideways for hours before accelerating towards the upper channel boundary.