| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇓ | ⇘ |
The Euro has been depreciating against the Polish Zloty since the end of November after the EUR/PLN exchange rate failed to surpass the psychological level at 4.3250.
Note that the currency pair is supported by the 55– and 200-hour moving averages, it is likely that some downside potential could continue to prevail in the market. Important level to look out for is the monthly S1 at 4.2699. If the given support does not hold, the pair could surpass the psychological level at 4.2600.
If the given support level holds, the exchange rate could reverse north and try to reach the psychological level at 4.3250.