Published: 2025-12-16T13:19:30.000Z
Chart EUR/PLN Update: Extending pressure on critical support at the 4.2200 Fibonacci retracement
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Little change, as choppy price action extends pressure on critical support at the 4.2200 Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2700 | * | break level | S1 | 4.2200 | ** | 50% ret of Feb-Apr rally | |
| R3 | 4.2600 | * | break level | S2 | 4.1975/00 | ** | 61.8% ret; cong | |
| R2 | 4.2500 | * | congestion | S3 | 4.1800 | * | congestion | |
| R1 | 4.2350 | * | congestion | S4 | 4.1700 | ** | 76.4% ret of Feb-Apr rally |
Asterisk denotes strength of level
12:50 GMT - Little change, as choppy price action extends pressure on critical support at the 4.2200 Fibonacci retracement. Both daily and weekly readings are negative, highlighting room for further losses in the coming sessions. A close beneath here would turn sentiment negative and complete a multi-month distribution top beneath the 4.3100 current year high of 16 April, as focus then turns to 4.1975/00. Meanwhile, any fresh tests above congestion resistance at 4.2350 should meet renewed selling interest beneath 4.2500.