Published: 2025-04-25T13:44:46.000Z
Chart EUR/PLN Update: Leaning lower
Senior Technical Strategist
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Cautious trade is giving way to a test lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3275 | * | break level | S1 | 4.2650 | * | range lows | |
| R3 | 4.3175 | ** | 76.4% ret of Nov-Feb fall | S2 | 4.2500 | congestion lows | ||
| R2 | 4.3000 | * | break level | S3 | 4.2200/55 | * | break level; 9 Apr (w) low | |
| R1 | 4.2800 | ** | congestion | S4 | 4.2000 | ** | break level |
Asterisk denotes strength of level
14:30 BST - Cautious trade is giving way to a test lower, as intraday studies fall, with prices currently pressuring support at the 4.2650 range lows. Daily readings are also under pressure, and overbought daily stochastics are flattening, suggesting potential for further losses in the coming sessions. A close beneath here will add weight to sentiment and extend losses towards 4.2500. Meanwhile, resistance is lowered to congestion around 4.2800 and extends to 4.3000. This range should cap any immediate tests higher.