Published: 2025-05-02T13:48:31.000Z
Chart EUR/PLN Update: Range extension
Senior Technical Strategist
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Still little change, as prices extend consolidation above support at the 4.2650 range lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3275 | * | break level | S1 | 4.2650 | * | range lows | |
| R3 | 4.3175 | ** | 76.4% ret of Nov-Feb fall | S2 | 4.2500 | congestion lows | ||
| R2 | 4.3000 | * | break level | S3 | 4.2200/55 | * | break level; 9 Apr (w) low | |
| R1 | 4.2800 | ** | congestion | S4 | 4.2000 | ** | break level |
Asterisk denotes strength of level
14:35 BST - Still little change, as prices extend consolidation above support at the 4.2650 range lows. Intraday studies are under pressure and the daily Tension Indicator is falling, highlighting room for a test of here. But flat daily stochastics and mixed weekly charts are expected to limit any initial break in renewed consolidation above congestion around 4.2500. Meanwhile, resistance remains at congestion around 4.2800. A break above here, if seen, should be limited consolidation beneath 4.3000.