Published: 2025-03-26T12:28:36.000Z
Chart EUR/PLN Update: Cautious trade
Senior Technical Strategist
-
Sharp losses have met support above strong support at 4.1500
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2380 | ** | 3 Feb (m) high | S1 | 4.1500 | * | April 2018 low, congestion | |
| R3 | 4.2150 | * | break level | S2 | 4.1300 | ** | January 2018 (y) low | |
| R2 | 4.2000 | ** | January 2020 (y) low, figure | S3 | 4.1000 | ** | 76.4% ret of 2010-2022 rally | |
| R1 | 4.1800 | break level | S4 | 4.0130 | ** | May 2015 low |
Asterisk denotes strength of level
12:15 GMT - Sharp losses have met support above strong support at 4.1500, as oversold intraday studies unwind, with prices currently trading just below resistance at 4.1800. A test above here cannot be ruled out, but negative daily readings are expected to limit scope in fresh consolidation beneath strong resistance at 4.2000. Following cautious trade, fresh losses are looked for. But rising weekly charts should limit any break below 4.1500 in consolidation above the 4.1300 year low of January 2018.