| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The common European currency has declined by 0.64% against the British Pound since July 1. The currency pair breached the 50– and 200– period SMAs during this week.
As for the near future, the exchange rate is likely to continue to edge lower in the descending channel pattern. Sellers might target the weekly S3 at 0.8502 within this week's trading sessions.
However, the support line at 0.8540 could provide support for the EUR/GBP currency exchange rate during the following trading days.