Published: 2025-05-27T11:58:48.000Z
Chart EUR/PLN Update: Range trade - gains to remain limited
Senior Technical Strategist
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Little change, as prices extend cautious trade within the 4.2350 - 4.2500 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3000 | * | break level | S1 | 4.2350 | * | congestion | |
| R3 | 4.2800 | ** | congestion | S2 | 4.2255 | * | 9 Apr (w) low | |
| R2 | 4.2650 | * | break level | S3 | 4.2200 | ** | 50% ret of Feb-Apr rally | |
| R1 | 4.2500 | congestion lows | S4 | 4.1975/00 | ** | 61.8% ret; break level |
Asterisk denotes strength of level
12:45 BST - Little change, as prices extend cautious trade within the 4.2350 - 4.2500 range. Intraday studies are edging higher, suggesting room for a test above congestion around 4.2500 towards the 4.2650 break level. But mixed daily readings and mixed/negative weekly charts are expected to limit any extension beyond here in renewed selling interest beneath 4.2800. Meanwhile, support is at congestion around 4.2350 and extends to the 4.2200 Fibonacci retracement and the 4.2255 weekly low of 9 April. A close beneath here, not yet seen, will add weight to sentiment and extend April losses towards 4.2000.