Chart EUR/PLN Update: Consolidating - studies edging higher
Little change, as prices extend cautious/choppy trade beneath resistance at the 4.2280 weekly high of 5 February
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2500 | * | congestion | S1 | 4.2200 | * | congestion | |
| R3 | 4.2350 | * | congestion | S2 | 4.2075 | ** | range lows | |
| R2 | 4.2315 | * | 20 Jan YTD high | S3 | 4.1975/00 | ** | 61.8% ret; cong | |
| R1 | 4.2280 | * | 5 Feb (w) high | S4 | 4.1800 | * | congestion |
Asterisk denotes strength of level
12:35 GMT - Little change, as prices extend cautious/choppy trade beneath resistance at the 4.2280 weekly high of 5 February. Daily readings continue to edge higher and broader weekly charts are positive, highlighting room for fresh strength in the coming sessions. However, a close above the 4.2315 current year high of 20 January is needed to improve sentiment and extend gains beyond congestion around 4.2350 towards further congestion at 4.2500. Meanwhile, support remains at congestion around 4.2200. A close beneath here will turn sentiment neutral once again and give way to fresh consolidation above the 4.2075 range lows.