| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Euro has been appreciating gradually against the Polish Zloty since the beginning of August. This movement has been bounded in the ascending channel.
As apparent on the chart, the currency pair is testing the lower channel line located near 4.2800. From the theoretical point of view, a reversal north is expected to occur in the nearest future. Important resistance level to look out for is the Fibonacci 38.20% retracement at 4.3062.
If given resistance is surpassed, it is expected that the exchange rate targets the monthly R1 at 4.3395.