Published: 2024-10-23T11:27:05.000Z
Chart EUR/PLN Update: Strong resistance at 4.3500
Senior Technical Strategist
1
Anticipated gains are extending
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.4000 | ** | break level | S1 | 4.3000 | ** | congestion | |
| R3 | 4.3800 | ** | 14-15 Jun (m) high | S2 | 4.2750 | congestion | ||
| R2 | 4.3500 | * | break level | S3 | 4.2470/00 | ** | 28 May YTD low; congestion | |
| R1 | 4.3300 | ** | congestion | S4 | 4.2365 | * | Feb 2020 low |
Asterisk denotes strength of level
12:00 BST - Anticipated gains are extending, with prices currently testing levels above congestion around 4.3300. Daily readings are positive and broader weekly charts are also rising, highlighting room for further strength in the coming sessions. But a close above resistance at 4.3500 is needed to turn price action outright positive and open up critical resistance at the 4.3800 monthly high of 14-15 June. Meanwhile, support remains down to congestion around 4.3000 and should underpin any fresh setbacks.