| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Euro has been depreciating against the Polish Zloty since the beginning of October after the EUR/PLN currency pair reversed south from the resistance level at 4.3953. Currently, the pair is trading at the 4.2950 mark.
Note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, currently located in the 4.2826/4.2910 area. Therefore, it is likely that some upside potential could prevail in the market in the nearest future. In this case, the rate could target the given resistance level.
However, note that the currency pair has to surpass the resistance level formed by the monthly PP at 4.3017. If the given resistance level holds, it is likely that some downside potential could prevail in the market. In this case the pair could reach the psychological level at 4.2400.