Published: 2025-03-25T11:59:59.000Z
Chart EUR/PLN Update: Under pressure
Senior Technical Strategist
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Cautious trade within the broad 4.1800 - 4.2000 range has given way to a sharp break lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.2380 | ** | 3 Feb (m) high | S1 | 4.1500 | * | April 2018 low, congestion | |
| R3 | 4.2150 | * | break level | S2 | 4.1300 | ** | January 2018 (y) low | |
| R2 | 4.2000 | ** | January 2020 (y) low, figure | S3 | 4.1000 | ** | 76.4% ret of 2010-2022 rally | |
| R1 | 4.1800 | break level | S4 | 4.0130 | ** | May 2015 low |
Asterisk denotes strength of level
11:50 GMT - Cautious trade within the broad 4.1800 - 4.2000 range has given way to a sharp break lower, with prices currently trading around 4.1650. Daily readings are falling highlighting room for a test of congestion support at 4.1500. But rising weekly charts should limit any immediate break in short-covering/consolidation above the 4.1300 year low of January 2018. Meanwhile, a close back above 4.1800, if seen, will turn sentiment neutral and give way to fresh consolidation beneath 4.2000.