| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The EUR/PLN exchange rate has been trading sideways between the Fibonacci 50.00% and 38.20% retracements, located at 4.2738 and 4.3062 respectively.
As apparent on the chart, the rate is trying to surpass the Fibonacci 50.00% retracement. Note, that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, thus, it is likely, that some upside potential could prevail in the market. However, note, that the pair could be supported by the lower boundary of the long-term ascending channel located circa 4.2700.
On the other hand, the rate could reverse north and target the Fibonacci 38.205 retracement within the following trading sessions.