| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The single European currency has been declining in a descending channel pattern against the British Pound since the end of July. The currency pair declined by 1.36% during last week's trading sessions.
Everything being equal, the exchange rate could continue to edge lower in the descending channel during the following trading sessions. The possible target will be at 0.8920.
However, the weekly pivot point at 0.9008 could provide support for the currency exchange rate in the shorter term.