| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The EUR/PLN currency pair has been trading within the bullish rectangle pattern since the middle of September. Currently, the pair is testing the lower pattern line located at the 4.3200 mark.
If the given pattern holds, it is likely that a reversal north could occur in the nearest future, as the exchange rate should target the upper pattern line at the 4.3950 level. From a theoretical perspective, it is likely that a breakout north could occur in the medium term. Important levels to look out for are the monthly R1 and R2, located at 4.4077 and 4.4435 respectively.
However, note, that the currency pair is pressured by the 200-hour SMA at 4.3524. Thus, the expected advance might not be immediate. If the given pattern does not hold, the pair coudl decline to the monthly S2 at 4.2817.