| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The EUR/PLN exchange rate has shown no significant changes to its movement during the past two weeks, as it has remained trading in the 4.24/29 trading range.
This movement sideways has occurred near the upper boundaries of both long– and medium-term channels. This situation demonstrates that the pair could be ready to abandon its four-week surge and turn to the downside. This scenario is likewise confirmed by converging technical indicators on the 4H and 1D time-frames.
There is still some slight upside potential that could guide the Euro to the senior channel and the weekly R1 at 4.30. This should be followed by a test of the 55-, 100– and 200-hour SMAs near 4.2630. A successful breakout of this area should send the pair even lower down to the monthly PP and the weekly S2 at 4.21.