Published: 2025-07-07T11:23:38.000Z
Chart EUR/PLN Update: Choppy trade - studies under pressure

Senior Technical Strategist
1
The anticipated break below 4.2500 has met buying interest above congestion support at 4.2350
Levels | Imp | Comment | Levels | Imp | Comment | |||
R4 | 4.3000 | * | break level | S1 | 4.2350 | * | congestion | |
R3 | 4.2800 | ** | congestion | S2 | 4.2200/55 | ** | 50% ret; 9 Apr (w) low | |
R2 | 4.2650 | * | break level | S3 | 4.2000 | ** | congestion | |
R1 | 4.2500 | * | congestion | S4 | 4.1800 | * | congestion |
Asterisk denotes strength of level
12:10 BST - The anticipated break below 4.2500 has met buying interest above congestion support at 4.2350, with prices once again balanced in choppy trade around 4.2500. Intraday studies are rising, highlighting potential for a test back above here. But negative daily readings and deteriorating weekly charts should limit scope in renewed selling interest towards 4.2650. Following choppy trade, fresh losses are looked for. However, a close below critical support at the 4.2200 Fibonacci retracement and the 4.2255 weekly low of 9 April is needed to complete a distribution top beneath the 4.3100 current year high of 16 April, and target congestion around 4.2000.