Published: 2025-10-23T11:58:54.000Z
Chart EUR/PLN Update: Consolidating test of critical support - studies under pressure
1
The anticipated break below 4.2350 has reached critical support at 4.2200/55
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2800 | ** | congestion | S1 | 4.2200/55 | ** | 50% ret; 9 Apr (w) low | |
| R3 | 4.2700 | * | 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
12:35 BST - The anticipated break below 4.2350 has reached critical support at 4.2200/55, where a sharp bounce has pushed prices back to 4.2350. Oversold daily stochastics are rising, suggesting room for a test above here. But the negative daily Tension Indicator and bearish weekly charts are expected to limit scope in renewed selling interest beneath further congestion around 4.2500. Following cautious trade, fresh losses are looked for. A later close below 4.2200/55 would complete a multi-month distribution pattern beneath 4.2800 and extend April losses towards 4.1975/00.