| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The common European currency is fulfilling the previously outlines bearish scenario against the Polish Zloty. Due to that reason we are posting an update to the charts, as there are various notable developments.
The pair has pierced the lower trend line of the previously drawn channel up pattern and most likely will ignore it in the near future. Meanwhile, the recent support that stopped the pair from plummeting was provided by the 55-period SMA of the four hour timeframe.
Meanwhile, Dukascopy Analysts have outlined the possible borders of the speculated dominant ascending pattern by using the recent higher high levels of the currency exchange rate. It is highly possible that this patterns support line is the next medium term target of the rate.