| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Euro has been appreciating against the British Pound since the beginning of May when the currency pair reversed north from the monthly S1 at the 0.8513 mark.
Currently, the pair is testing the resistance level formed by the monthly R3 at the 0.8872 mark. Given that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, it is likely, that some upside potential could prevail in the market. The pair could target the psychological level at 0.9100.
However, if the given resistance level holds, it is expected, that a reversal south could occur in the nearest future. A possible downside target the monthly PP at 0.8598.