| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The previous review of the Euro against the Pound pair concentrated on the fact that a large scale channel down pattern had guided the rate down to the support line of a massive scale triangle pattern. However, that support was broken.
The rate declined down to the weekly S2 at the 0.8733 level before making a rebound. The rebound ended at the 0.8940 mark, where a strong resistance cluster made up of R1s and the upper trend line of the channel are located at. As a result the pair has begun its decline and in the short term is likely going to retreat down to the monthly PP at 0.8883 level.