| 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) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
Since the beginning of November, the EUR/PLN currency pair has been trading downwards.
Given that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 4.5000/4.5450 range, it is likely that some downside potential could prevail in the market. The rate could target the Fibo 50.00% at 4.3884.
Meanwhile, note that the currency pair could gain support from the Fibo 38.20% at 4.4487. Therefore, the pair could reverse north and re-test the 4.6440 mark.