| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Euro has been guided by several patterns against the Sterling during the past few weeks. As a result, it has remained near the upper boundary of a long-term falling wedge.
The pair's movement this week has been sideways, as it has failed to accelerate from the 0.8720 mark where the medium-term channel is located. This demonstrates that the bearish sentiment could take over the market within the following days and thus push the pair lower next week to approach the bottom wedge boundary near 0.86. An important support level along the way is the monthly S1 at 0.8660.
If the senior pattern is breached together with the weekly R1 and the 50.0% Fibonacci retracement at 0.8810, the most probable upside target for the near-term future is the upper boundary of an eight-month channel circa 0.8930. The 38.20% Fibo is likewise located at this line.