| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The EUR/CZK exchange rate has been going upwards since the beginning of March. Currently, the rate is testing the psychological level at 27.40.
Note that the currency pair is supported by the 55-, 100– and 200-hour moving averages, currently located in the 26.00/27.10 area. Thus, some upside potential could continue to prevail in the market.
However, if the given resistance level holds, it is likely that a reversal south could occur in the nearest future. In this case it is unlikely that the exchange rate could decline below the monthly PP at 25.25.