| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The common European currency has been trading in a large-scale triangle against the British Pound.
Following a breakout from the upper trend-line, this suggests that the bullish sentiment could continue dominating the exchange rate. However, it is important to note that the currency pair is likely to find a resistance at the weekly pivot point at 0.8949.
If the EUR/GBP pair manages to breach the aforementioned resistance level, the rate could be heading for a long-term surge. In addition, technical indicators favour bulls to grow stronger.