| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇗ |
The EUR/GBP exchange rate has been trading within the descending wedge pattern since the end of August. Currently, the rate is trading at the Fibo 50.00% at 0.8907.
Note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 0.8939/0.8977 range. Thus, it is likely that bears could prevail in the market. Important level to look out for is the Fibonacci 61.80% retracement at 0.8810.
It is unlikely that bulls could prevail in the market, and the European Common Currency could exceed the Fibo 23.60% at 0.9125 against the Greenback.