| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇗ |
The single European currency has depreciated massively against the Polish Zloty since the beginning of July. The currency pair started the decline after it reached a one –year high level at the 4.42 mark. The exchange rate has since lost 3.59% of its value since July 4.
During the one month long of the Euro weaken, the pair breached a significant support level within this period. Namely, the 55-, 100-, and 200-hour SMAs. The pair has moved closer to the bottom border of a dominant ascending channel pattern and could be set for a breakout.
In the meantime, it is expected that the EUR/PLN pair to make a brief retracement toward the 55-hour simple moving average during the following trading session.