Published: 2025-01-13T12:26:52.000Z
Chart EUR/PLN Update: Pressuring 4.2750
Senior Technical Strategist
2
Little change
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3500 | * | break level | S1 | 4.2470/00 | ** | July 2024 (y) low; cong | |
| R3 | 4.3300 | ** | congestion | S2 | 4.2365 | ** | February 2020 low | |
| R2 | 4.3000 | ** | congestion | S3 | 4.2270 | * | late-Jan 2020 (w) low | |
| R1 | 4.2750 | * | congestion | S4 | 4.1985/00 | ** | Jan 2020 (y) low; figure |
Asterisk denotes strength of level
12:10 GMT - Little change, as prices extend pressure on congestion resistance at 4.2750 in choppy trade. Daily readings continue to rise, suggesting room for a test above here. But mixed/negative weekly charts and deteriorating longer-term readings are expected to limit scope in consolidation beneath 4.3000. Meanwhile, support remains down to the 4.2470 year low of 15 July 2024 and congestion around 4.2500. A later break beneath here will turn sentiment outright negative and confirm continuation of broad March 2022 losses, initially towards the 4.2365 low of February 2020.