Published: 2025-12-29T14:06:20.000Z
Chart EUR/PLN Update: Limited tests higher
-
Choppy trade around 4.2200 has given way to a sharp break higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2700 | * | break level | S1 | 4.2200 | * | congestion | |
| R3 | 4.2600 | * | break level | S2 | 4.1975/00 | ** | 61.8% ret; cong | |
| R2 | 4.2500 | * | congestion | S3 | 4.1800 | * | congestion | |
| R1 | 4.2350 | * | congestion | S4 | 4.1700 | ** | 76.4% ret of Feb-Apr rally |
Asterisk denotes strength of level
13:50 GMT - Choppy trade around 4.2200 has given way to a sharp break higher, with prices currently approaching congestion resistance at 4.2350. Daily readings have ticked higher, highlighting room for a test above here. But mixed weekly charts are expected to limit initial scope in renewed consolidation beneath further congestion around 4.2500. Meanwhile, support is raised to 4.2200. But a close below strong support at the 4.1975 Fibonacci retracement and congestion around 4.2000 would add weight to sentiment and extend April losses initially to congestion around 4.1800.