| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The EUR/CZK exchange rate has been trading within a descending channel since the middle of March.
From a theoretical perspective, it is likely that the currency pair could continue to trade downwards within the given channel in the medium term. In this case the pair could decline to the 26.50 level at the beginning of May.
However, note that the exchange rate is supported by the 55-, 100– and 200-hour SMAs in the 27.10 area. Thus, some upside potential could prevail in the market, and the rate could re-test the psychological level at 28.00.