| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Euro has been appreciating against the Polish Zloty since the beginning of May since the exchange rate reversed north from the Fibonacci 50.00% retracement at 4.2738.
Given that the rate is supported by the 55-, 100– and 200-hour moving averages, it is likely, that bulls could prevail in the market in the nearest future. A possible upside target is strong resistance level formed by the Fibonacci 23.60% retracement at 4.3462.
It is unlikely, that bears could prevail in the market, and the currency pair could drop lower than the given support level.