Published: 2026-02-18T15:11:53.000Z
Chart EUR/PLN Update: Range trade
1
Cautious trade, as prices extend consolidation within the 4.2075 - 4.2200 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2500 | * | congestion | S1 | 4.2075 | ** | range lows | |
| R3 | 4.2350 | * | congestion | S2 | 4.1975/00 | ** | 61.8% ret; cong | |
| R2 | 4.2280 | * | 5 Feb (w) high | S3 | 4.1800 | * | congestion | |
| R1 | 4.2200 | * | congestion | S4 | 4.1700 | ** | 76.4% ret of Feb-Apr 25 rally |
Asterisk denotes strength of level
14:55 GMT - Cautious trade, as prices extend consolidation within the 4.2075 - 4.2200 range. Daily stochastics and the daily Tension Indicator are ticking lower, highlighting potential for a test of support at the 4.2075 range lows. However, rising weekly charts should limit any initial break in renewed buying interest/consolidation above the 4.1975 Fibonacci retracement. Meanwhile, resistance remains at congestion around 4.2200 and extends to the 4.2280 weekly high of 5 February. A close above here, if seen, will improve sentiment and open up a test of congestion around 4.2350.