| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency has broken through a dominant resistance line against the British Pound. Moreover, the currency pair has clearly broken away from the level of significance and already made an attempt to break the resistance of the monthly R1 at the 0.8914 level.
The surge is occurring in a medium scale channel up pattern. However, there are no notable junior patterns to this medium pattern because of the rather high volatility of the currency exchange rate.
Meanwhile, it has to be noted that the surge from a technical perspective has been caused by a Fibonacci retracement level.