Chart EUR/PLN Update: Pressuring critical resistance
Cautious trade has given way to fresh gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3450 | ** | 38.2% ret of 2023-2025 fall | S1 | 4.3000 | ** | congestion | |
| R3 | 4.3300 | * | congestion | S2 | 4.2800 | * | congestion | |
| R2 | 4.3165 | 8 Jul YTD high | S3 | 4.2650~ | ** | break level | ||
| R1 | 4.3100 | ** | April 2025 (y) high | S4 | 4.2600 | * | congestion |
Asterisk denotes strength of level
12:40 BST - Cautious trade has given way to fresh gains, with prices posting a fresh 2026 year high around 4.3165 before settling into consolidation around critical resistance at the 4.3100 year high of April 2025. Daily readings have ticked higher and broader weekly charts continue to rise, highlighting room for further strength in the coming sessions. A close above 4.3100 would improve sentiment and extend gains from the 4.1275~ year low of February 2025 towards the 4.3450 Fibonacci retracement. Meanwhile, support is raised to congestion around 4.3000. A close beneath here, if seen, would help to stabilise price action and prompt consolidation above further congestion around 4.2800.