EUR/PLN 4H Chart: Descending channel in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralSellSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The EUR/PLN currency pair has been trading within a descending channel since the end of July.  

From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given channel in the medium term. 

In the meantime, note that the currency pair could gain support from the monthly S1 at 4.3786. Thus, it is likely that a reversal north could occur, and the pair could target the psychological level at 4.5000.

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