| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Euro has been depreciating against the Czech Koruna after the pair reversed from the psychological level at 26.05 at the end of December.
Currently, the currency pair is testing the lower boundary of the long-term ascending channel located circa 25.50. From a theoretical point of view, a reversal north should occur in the nearest future. Important level to look out for is the Fibonacci 38.20% retracement at 25.79.
Technical indicators suggest that the exchange rate is in the oversold territory, thus, it is likely that bulls prevail in the market in the nearest future.