| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The EUR/CZK exchange rate has been trading in an ascending channel since mid-April. This medium-term channel has been guiding the pair in between the bounds of a more senior pattern which was formed in October, 2017. Its latest confirmation occurred on April 29 when the Euro reversed from 25.95 —its eight-month high.
Following this test of the senior channel, the pair started depreciating and consequently breached the junior channel in this session.
The high positioning of technical indicators on longer time-frames suggests that the current bearish momentum is likely to prevail during the following weeks, as well. A possible downside target is the senior channel and the nearby located SMAs (1D) at 25.40. This week might still mark a slight correction north towards the 25.80 area.