| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
Since the beginning of November, the EUR/PLN currency pair has been trading within a descending channel.
From a theoretical point of view, it is likely that the exchange rate could continue to decline within the predetermined channel in the medium term. The rate could decline to the Fibo 50.00% by the middle of January.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages. Thus, a breakout south could occur, and the pair could drop to the Fibo 61.80% at 4.3281.