Published: 2025-07-14T12:02:21.000Z
Chart EUR/PLN Update: Choppy in range
Senior Technical Strategist
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Choppy trade has given way to a test above 4.2650
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3100 | ** | 16 Apr YTD high | S1 | 4.2500 | * | congestion | |
| R3 | 4.3000 | * | break level | S2 | 4.2350 | * | congestion | |
| R2 | 4.2800 | ** | congestion | S3 | 4.2200/55 | ** | 50% ret; 9 Apr (w) low | |
| R1 | 4.2650 | * | break level | S4 | 4.2000 | ** | congestion |
Asterisk denotes strength of level
12:45 BST - Choppy trade has given way to a test above 4.2650, with prices meeting sharp selling interest just below congestion resistance at 4.2800. Focus is back on congestion support at 4.2500. But rising daily readings are expected to limit any tests in fresh consolidation. A break, however, will target further congestion around 4.2350, where fresh buying interest is expected to appear. Meanwhile, a break back above 4.2650 will target congestion around 4.2800. But mixed/negative weekly charts should limit any continuation beyond here in selling interest towards 4.3000.