Published: 2025-04-14T11:32:37.000Z
Chart EUR/PLN Update: Choppy trade - studies rising
Senior Technical Strategist
2
The recent pullback from resistance at 4.3000 has bounced sharply from 4.2255 in choppy trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3500 | ** | congestion | S1 | 4.2800 | ** | congestion highs | |
| R3 | 4.3275 | * | break level | S2 | 4.2500 | congestion lows | ||
| R2 | 4.3175 | ** | 76.4% ret of Nov-Feb fall | S3 | 4.2200/55 | * | break level; 9 Apr (w) low | |
| R1 | 4.3000 | * | break level | S4 | 4.2000 | ** | break level |
Asterisk denotes strength of level
12:20 BST - The recent pullback from resistance at 4.3000 has bounced sharply from 4.2255 in choppy trade, with prices currently balanced above support at 4.2800. Intraday studies are leaning lower, suggesting potential for a fresh test beneath here. But rising daily readings and positive weekly charts should limit scope in renewed buying interest above 4.2500. In the coming sessions, choppy trade is expected to give way to fresh gains. A later close above 4.3000 will open up the 4.3175 Fibonacci retracement. A further close above here would improve sentiment and extend February gains initially towards 4.3275.