| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Euro has been depreciating against the Polish Zloty since the end of February after the currency pair reversed south from the strong resistance level—the Fibonacci 23.60% retracement at 4.3462.
Currently, he exchange rate is testing the resistance cluster formed by the monthly PP and the Fibonacci 38.20% retracement in the 4.3041/4.3062 range. Given that the pair is being pressured by the 55-, 100– and 200-hour SMAs, it is likely that bears prevail in the market. A possible downside target is the lower boundary of the long-term ascending channel located circa 4.2655.
If given channel holds, it is expected that a reversal north occurs within following sessions.