Published: 2025-06-04T11:36:18.000Z
Chart EUR/PLN Update: Edging higher
Senior Technical Strategist
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Consolidation is giving way to a break higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3300 | break level | S1 | 4.2800 | ** | congestion | ||
| R3 | 4.3175 | ** | 76.4% ret of 2024-2025 fall | S2 | 4.2650 | * | break level | |
| R2 | 4.3100 | * | 16 Apr YTD high | S3 | 4.2500 | * | congestion | |
| R1 | 4.3000 | * | break level | S4 | 4.2350 | * | congestion |
Asterisk denotes strength of level
12:25 BST - Consolidation is giving way to a break higher, with prices currently trading around 4.2900. Intraday studies have turned higher and daily readings are also positive, highlighting room for continuation towards 4.3000. However, negative weekly charts should limit any initial tests in renewed selling interest towards here. Meanwhile, support is raised to congestion around 4.2800 and extends to 4.2650. Still lower is congestion around 4.2500, but this should underpin any deeper reactions.