Published: 2025-10-16T12:09:30.000Z
Chart EUR/PLN Update: Leaning lower
1
The anticipated test above resistance at 4.2700 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 | 4.2700 | * | break level | S4 | 4.1975/00 | ** | 61.8% ret; cong |
Asterisk denotes strength of level
12:50 BST - The anticipated test above resistance at 4.2700 has not been seen, as daily studies turn down once again and prompt a test of congestion support at 4.2500. Broader weekly charts are also under pressure, pointing to room for a break towards further congestion around 4.2350. But already oversold daily stochastics are expected to limit any initial tests in renewed consolidation. A close below critical support within 4.2200/55 would complete a multi-month distribution pattern beneath 4.2800 and extend April losses towards 4.1975/00. Meanwhile, resistance remains at 4.2700 and should cap any immediate tests higher.