Chart EUR/PLN Update: Leaning lower
Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation around support at 4.2800
| 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
12:15 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation around support at 4.2800. Daily stochastics are ticking lower and the positive daily Tension Indicator is also turning down, highlighting room for a break beneath here towards 4.2500. However, broader weekly charts are rising, suggesting any initial tests could give way to renewed consolidation. Meanwhile, resistance remains at 4.3000. A break above here, not yet seen, will open up the 4.3175 Fibonacci retracement. A further close above here would improve sentiment and extend February gains initially towards 4.3275.