| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇓ | ⇒ |
The common European currency recently hit a dominant support level against the British Pound. However, that does not necessarily indicate of an upcoming surge.
The large scale channel up pattern is a representation of a finished surge in the borders of a larger pattern. That is the first reason why the attempt to pass the support line might be resume.
In addition the various simple moving averages are located below the 0.89 mark and might stop the rebound in the near future.
In regards to the short term, the pair should approach the weekly PP, which is at the 0.8850 level.