| 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 | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The EUR/CZK exchange rate continued to trade within a falling wedge pattern.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern in the medium term. Note that the pair could face the support level formed by the Fibo 61.80% at 26.00.
Meanwhile, note that the exchange rate is supported by the 55– and 100-period moving averages in the 26.20 area. Thus, a breakout north could occur, and the rate could re-test the resistance level—the Fibo 38.20% at 26.77.