| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The common European currency has been edging lower in a three-month descending channel pattern against the New Zealand Dollar. The currency pair hit 2020 low level at 1.6966 during last week's trading sessions.
As for the near future, the EUR/NZD currency exchange rate could continue to trade in the three months descending channel pattern during the following trading sessions.
However, given that the currency exchange rate is trading near the upper line of a descending channel pattern, a breakout could occur within this week's trading sessions.