| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency is trading against its British counterpart in a one month long ascending triangle. The pattern formed in the result of the Pound's failure to surge above the 0.8856 mark. The rest of the week the pair most probably is going to spend trying to slip and break though the bottom edge of the formation. In order to do that, the currency rate would need to bypass a combined support level formed by the 20-period SMA near 0.8829 and the weekly PP at 0.8822 as well as the approaching 55- and 100-period SMAs. However, even if it succeeds to do that, the pattern is projected to sustain by the end of the week because of the additional support barrier set up by the monthly PP and the 200-hour SMA slightly below the bottom boundary of the formation.