| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Buy |
| Alligator (13; 8; 5) | Buy | Neutral | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
The ascending channel pattern described in the last review of the Euro against the Pound chart has done its job. The currency exchange rate has reached the upper trend line of a dominant pattern.
In accordance with the pattern situation the currency pair should decline. However, the pair is facing a very strong support cluster made up of weekly and monthly pivot levels together with the 200-period SMA near the 0.8850 mark.
Moreover, the 55 and 100-period SMAs are moving upwards to strengthen the cluster.
Meanwhile, it seems that the dominant trend line had been pierced a couple of times. Due to that caution is a good option.