Published: 2025-04-02T10:57:00.000Z
Chart EUR/PLN Update: Consolidating - studies under pressure
Senior Technical Strategist
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Little change, as prices extend choppy trade around resistance at the 4.1800 break level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2380 | ** | 3 Feb (m) high | S1 | 4.1580 | * | 25 Mar (w) low | |
| R3 | 4.2150 | * | break level | S2 | 4.1500 | * | April 2018 low, congestion | |
| R2 | 4.2000 | ** | January 2020 (y) low, figure | S3 | 4.1300 | ** | January 2018 (y) low | |
| R1 | 4.1800 | break level | S4 | 4.1000 | ** | 76.4% ret of 2010-2022 rally |
Asterisk denotes strength of level
11:40 BST - Little change, as prices extend choppy trade around resistance at the 4.1800 break level. Intraday studies have turned down and daily readings are also coming under pressure, highlighting room for a test down to support at the 4.1580 weekly low of 25 March. A break will open up 4.1500, but rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above the 4.1300 year low of January 2018. Meanwhile, a close above 4.1800 will turn sentiment neutral once again and give way to further range extension beneath 4.2000.