| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The common European currency has declined by 2.23% against the British Pound since February 4. The currency pair has continued to trade in a three-month descending channel pattern.
Everything being equal, the exchange rate is likely to continue to edge lower in the three-month descending channel pattern during the following trading sessions. The EUR/GBP pair could target the 0.8500 level.
However, the weekly support level at 0.8606 could provide support for the currency exchange rate in the shorter term.