Published: 2025-11-10T12:32:41.000Z
Chart EUR/PLN Update: Under pressure
1
Anticipated losses have reached congestion support at 4.2350
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2800 | ** | congestion | S1 | 4.2350 | * | congestion | |
| R3 | 4.2700 | * | break level | S2 | 4.2200/55 | ** | 50% ret; 9 Apr (w) low | |
| R2 | 4.2600 | * | break level | S3 | 4.1975/00 | ** | 61.8% ret; cong | |
| R1 | 4.2500 | * | congestion | S4 | 4.1800 | * | congestion |
Asterisk denotes strength of level
12:20 GMT - Anticipated losses have reached congestion support at 4.2350. However, daily readings have turned bearish and broader weekly charts are also under pressure, highlighting room for still further losses in the coming sessions. A close beneath here will add weight to sentiment and open up critical support within the 4.2200 Fibonacci retracement and the 4.2255 weekly low of 9 April. A close beneath here will complete a multi-month distribution top beneath the 4.3100 current year high of 16 April, as focus then turns to 4.1975/00. Meanwhile, resistance is lowered to congestion around 4.2500, and should cap any immediate tests higher.