Chart EUR/PLN Update: Pushing higher
Cautious trade is giving way to a push higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3200 | ** | multi-month congestion | S1 | 4.2800 | * | congestion | |
| R3 | 4.3100 | ** | April 2025 (y) high | S2 | 4.2600 | * | congestion | |
| R2 | 4.3000 | ** | break level | S3 | 4.2500 | * | congestion | |
| R1 | 4.2900 | * | break level | S4 | 4.2400 | * | break level |
Asterisk denotes strength of level
12:45 BST - Cautious trade is giving way to a push higher, with prices currently pressuring resistance at the 4.2900 break level. Rising daily stochastics and the improving daily Tension Indicator highlight room for continuation beyond here towards 4.3000. But flat overbought weekly stochastics should limit any initial break in consolidation beneath critical resistance at the 4.3100 year high of April 2025, before the rising weekly Tension Indicator and improving longer-term charts prompt further gains. Meanwhile, support is raised to congestion around 4.2800. A close back beneath here would turn sentiment neutral once again and give way to consolidation above further congestion around 4.2600.