Published: 2025-08-28T11:52:17.000Z
Chart EUR/PLN Update: Cautious trade - studies edging higher
Senior Technical Strategist
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The anticipated test above 4.2650 has been pushed back from 4.2760
| 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
12:40 BST - The anticipated test above 4.2650 has been pushed back from 4.2760, as intraday studies turn down, with prices once again trading around resistance at 4.2650. However, daily readings continue to rise and broader weekly charts are improving, highlighting room for a fresh test higher towards 4.2800. A break will open up 4.3000. But already overbought daily stochastics could limit any initial tests in fresh consolidation. Meanwhile, support remains at congestion around 4.2500. A break, if seen, should give way to consolidation above further congestion around 4.2350.