| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇗ |
The common European currency has surged by 124 pips or 1.40% against the British Pound since September 1. The currency pair breached 50– and 100– hour SMAs during this period.
Currently, the exchange rate is trading near the upper boundary of a descending channel pattern.
If the channel pattern holds, bearish traders could pressure the EUR/GBP pair lower within this week's trading sessions.
However, if the currency exchange rate breaks the descending channel pattern, a surge towards the 0.9000 level could be expected this week.