| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
A medium-term ascending channel has guided EUR/GBP for the last three months. The given upside momentum has allowed the Euro to reach a new 2018 high against the British Sterling at 0.9025 prior to reversing from the senior channel and edging back lower.
The pair managed to reverse to the upside from this three-month pattern and test the 50.00% Fibonacci retracement near 0.8960 mid-today.
Technical indicators are in favour of further advance towards the psychological 0.90 mark within the following sessions. The 2018 high, however, should not be reached.
By and large, the general direction is expected to remain south within the scope of next week. This means that the current short-term correction northwards should be followed by a move lower down to the senior channel and the combined support of the 55-, 100– and 200-period (4H) SMAs.