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Published: 2025-07-07T11:23:38.000Z

Chart EUR/PLN Update: Choppy trade - studies under pressure

byMike Macdonald

Senior Technical Strategist
1

The anticipated break below 4.2500 has met buying interest above congestion support at 4.2350

 LevelsImpComment  LevelsImpComment
R44.3000*break level S14.2350*congestion
R34.2800**congestion S24.2200/55**50% ret; 9 Apr (w) low
R24.2650*break level S34.2000**congestion
R14.2500*congestion S44.1800*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.

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Topics
EUR/PLN-TA
Technical Analysis
EEMEA-Technical

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