| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
At the beginning of July, the EUR/PLN currency pair reversed north from the lower boundary of the medium-term descending channel located at 4.2400.
Currently, the pair is testing the resistance level formed by the weekly R1 at 4.2657. If the given level does not hold, it is expected, that the exchange rate could continue to trade upwards. However, note, that the rate would have to surpass the Fibonacci 50.00% retracement at 4.2736.
If the given resistance holds, it is expected, that a reversal south could occur within the following trading sessions, and the pair could re-test the lower channel line.