| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The EUR/CZK exchange rate has been trading sideways between the Fibonacci 62.40% at 25.56 and the psychological level at 25.48 since the end of October.
Note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located circa 25.51. Therefore, some downside potential could prevail in the market. In this case the pair could target the support level formed by the monthly S1 at 25.37.
However, if the given resistance and support level holds, the Euro could continue to consolidate against the Czech Koruna in the nearest future. Also, it is unlikely that bulls could prevail in the market, and the exchange rate could exceed the Fibonacci 50.00% retracement at 25.68.