Published: 2025-06-09T11:50:46.000Z
Chart EUR/PLN Update: Sharp pullback from beneath 4.3000
Senior Technical Strategist
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The anticipated test of resistance has not been seen
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3175 | ** | 76.4% ret of 2024-2025 fall | S1 | 4.2650 | * | break level | |
| R3 | 4.3100 | * | 16 Apr YTD high | S2 | 4.2500 | * | congestion | |
| R2 | 4.3000 | * | break level | S3 | 4.2350 | * | congestion | |
| R1 | 4.2800 | ** | congestion | S4 | 4.2200/55 | ** | 50% ret; 9 Apr (w) low |
Asterisk denotes strength of level
12:40 BST - The anticipated test of resistance has not been seen, as overbought intraday and daily studies turn down, with consolidation around 4.2900 giving way to sharp selling pressure. The break below 4.2800 has turned sentiment neutral and opened up support at 4.2650. But the positive daily Tension Indicator and mixed/positive weekly charts are expected to limit any break beneath here in renewed consolidation above congestion around 4.2500. Meanwhile, resistance is lowered to congestion around 4.2800 and extends to 4.3000. This range should cap any immediate tests higher.