| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Euro has been depreciating against the Polish Zloty since the beginning of December. The EUR/USD currency pair has already declined below 4.2500.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, currently located circa 4.2400. Therefore, it is likely that some downside potential could prevail in the market. Note that the rate could face support of the monthly S2 at 4.2081.
If the given support level holds, it is likely that a reversal north could occur. In this case it is unlikely that the currency pair could exceed the monthly PP at 4.2750. Otherwise, bears could prevail in the market in the medium term.