Chart EUR/PLN Update: Choppy at fresh 2025 year highs
Choppy trade has tested above resistance at 4.3000, with prices posting a fresh 2025 year high at 4.3100
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3500 | ** | congestion | S1 | 4.2800 | ** | congestion highs | |
| R3 | 4.3275 | * | break level | S2 | 4.2500 | congestion lows | ||
| R2 | 4.3175 | ** | 76.4% ret of Nov-Feb fall | S3 | 4.2200/55 | * | break level; 9 Apr (w) low | |
| R1 | 4.3000 | * | break level | S4 | 4.2000 | ** | break level |
Asterisk denotes strength of level
12:25 BST - Choppy trade has tested above resistance at 4.3000, with prices posting a fresh 2025 year high at 4.3100 before falling back below 4.3000. Intraday studies are turning down and rising daily stochastics are flattening, suggesting potential for a dip down to support at 4.2800. But the rising daily Tension Indicator and positive weekly charts are expected to limit any tests in renewed buying interest. A close beneath here, if seen, will turn sentiment neutral and prompt consolidation above 4.2500. Following cautious trade, fresh gains are looked for. A break above 4.3000 will open up the 4.3175 Fibonacci retracement. A further close above here would improve sentiment and extend February gains initially towards 4.3275.