| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Euro has been depreciating against the Czech Koruna since the end of December. This movement has been bounded within the descending channel.
Note that the EUR/CZK currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 25.14/25.23 range. Thus, it is likely that some downside potential could prevail in the market. In this case the pair could decline below the psychological level at 25.00.
It is unlikely that bulls could prevail in the market, and the Euro could exceed the Fibonacci 62.40% retracement at 25.56 against the Czech Koruna.