Published: 2025-03-06T13:35:36.000Z
Chart EUR/PLN Update: Choppy in range
Senior Technical Strategist
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Little change, as flat daily stochastics keep sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2380 | ** | 3 Feb (m) high | S1 | 4.1500 | * | April 2018 low, congestion | |
| R3 | 4.2150 | * | break level | S2 | 4.1300 | ** | January 2018 (y) low | |
| R2 | 4.2000 | ** | January 2020 (y) low, figure | S3 | 4.1000 | ** | 76.4% ret of 2010-2022 rally | |
| R1 | 4.1800 | break level | S4 | 4.0150 | * | May 2015 low |
Asterisk denotes strength of level
13:20 GMT - Little change, as flat daily stochastics keep sentiment cautious and prompt choppy price action within the 4.1500 - 4.1800 range. The daily Tension Indicator is rising and broader weekly charts are also improving, highlighting room for fresh gains in the coming sessions. A break above 4.1800 will open up 4.2000, with a further close above here confirming a more sustainable rally, initially to 4.2150. Meanwhile, a close below 4.1500 would put focus on the 4.1300 year low of January 2018, where renewed consolidation is expected to appear.