| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency bounced off from the lower boundary of a long-term descending channel against the British Pound on December 13. The currency pair has surged by 3.18% during this period.
Everything being equal, the EUR/GBP exchange rate will likely continue to trade in the long-term descending channel pattern during the following trading sessions. The pair could target the 0.8287.
On the other hand, bullish traders could drive the currency exchange rate towards the weekly R1 and the monthly R1 at 0.8603 during next week's trading sessions.