Published: 2025-09-01T12:10:49.000Z
Chart EUR/PLN Update: Lower in range
Senior Technical Strategist
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Cautious trade around resistance at 4.2650 is giving way to a pullback
| 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 | 4.1975/00 | ** | 61.8% ret; cong |
Asterisk denotes strength of level
12:45 BST - Cautious trade around resistance at 4.2650 is giving way to a pullback, as intraday studies come under pressure, with focus turning to congestion support at 4.2500. Overbought daily stochastics are unwinding and the flat daily Tension Indicator is coming under pressure, highlighting room for a test beneath here towards further congestion around 4.2350. However, mixed weekly charts and rising longer-term readings could limit any initial tests in consolidation. Meanwhile, any immediate tests above 4.2650 should meet selling interest towards congestion around 4.2800.