| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The common European currency is trading against the British Pound in rather complicated patterns. The reason for that is the still visible activity of a previously broken massive scale support line.
Meanwhile, the pair is descending in a dominant channel down pattern, in the borders of which there is a medium channel down pattern. The pair recently bounced off against the medium scale channel's lower trend. As a result of the rebound an ascending channel formed.
In the short term the pair is about to get squeezed in near the 0.8850 mark. That squeeze in should result in a breakout either to the resistance of the dominant channel down or a breaking of the junior pattern, which would result in a fall down to the 0.8760 level.