| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The EUR/CZK exchange rate has been trading since the beginning of June after the rate reversed south from the upper boundary of the long-term descending channel at 25.87.
As apparent on the chart, the currency pair has already reversed north from the lower channel boundary located at 25.55. From a theoretical point of view, it is expected, that bulls could prevail in the market, as the pair has to reach the upper channel line located circa 25.85.
However, note, that rate has to surpass the resistance cluster formed by the weekly R1, the monthly S1 and the Fibonacci 50.00% retracement in the 25.65/25.68 range. If the given resistance holds, the pair could reverse south and re-test the lower channel line.