EUR/PLN 1H Chart: After meeting support

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The common European currency found support against the Polish Zloty. Namely, the previous decline has ended and the junior ascending pattern was broken on early Wednesday morning.

By the middle of Wednesday's trading the rate had surged above significant resistance levels near the 4.3380 mark. Moreover, as it managed to pass these resistance levels, it approached a clear range, in which it might surge up to the 4.3620 level. 

However, note that it is more likely that the rate will surge gradually at an angle in a similar range as the previous medium term pattern.

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