| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The EUR/CZK currency pair continued to trade downwards within the long-term descending channel. As apparent on the chart, the pair has already reversed north from its lower boundary at 25.42.
From a theoretical perspective, it is expected, that some upside potential could prevail in the market, as the exchange rate should target the upper channel line located circa 25.85. However, note, that the rate has to surpass the Fibonacci 50.00% retracement at 25.68.
If the given resistance holds, it is likely, that the pair could reverse south to re-test the lower trend line.