| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
Since the beginning of February, the common European currency has declined by 2.81% in value against the British Pound. The currency pair tested December swing low at 0.8285 on February 18.
The exchange rate is currently trading near the upper boundary of a descending channel pattern at 0.8403. A breakout could occur within this week's trading sessions.
However, if the descending channel pattern holds, the EUR/GBP currency exchange rate would continue to decline in the descending channel pattern during the following trading sessions.