| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Euro has been depreciating against the Czech Koruna since the beginning of November. This movement has been bounded within the falling wedge pattern.
From a theoretical point of view, it is likely that a breakout north could occur within the following trading sessions. In this case the EUR/CZK currency pair could target the psychological level at 25.60.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, currently located circa 25.53. Thus, it is likely that the given advance might not be immediate, and the rate could re-test the support level at the 25.48 in the nearest future.