| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The EUR/PLN exchange rate has been trading within a rising wedge pattern since the middle of June.
From a theoretical point of view, it is likely that the currency pair could continue to trade within the given pattern until the middle of July. Then, a breakout south could follow, and the pair could decline to the monthly S1 at 4.3857.
Meanwhile, note that the exchange rate is supported by the 55-, 100– and 200-hour SMAs near 4.4650. Thus, a breakout north could occur, and the rate could target the psychological level at 4.5800.