Published: 2025-07-23T12:26:30.000Z
Chart EUR/PLN Update: Back in range
Senior Technical Strategist
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The anticipated break below congestion support at 4.2350 has not been seen
| 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 | 4.2000 | ** | congestion |
Asterisk denotes strength of level
13:00 BST - The anticipated break below congestion support at 4.2350 has not been seen, as unwinding oversold intraday studies prompt a steady bounce back above 4.2500. Negative daily studies have turned mixed and broader weekly charts are also neutral, suggesting a cautious tone and room for consolidation beneath resistance at 4.2650. A close above here, if seen, would open up congestion resistance at 4.2800, where fresh consolidation is expected to develop. Meanwhile, support remains down to 4.2350 and should underpin any immediate tests lower.