| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The common European currency recently rebounded against the lower trend line of a dominant pattern against the British Pound. However, that does not mean that a surge is set to occur in the short term.
The pair recently met with the resistance of the weekly PP at the 0.8897 mark, which has stopped the rebound. Due to that reason and the fact that the 55-period simple moving average is moving in on the rate from the upside near the 0.8976 mark, another confirmation of the lower trend line of the dominant pattern can be expected.
On the other hand, the rate might break the PP and surge until it encounters stronger resistance near the 0.8990 mark.