Published: 2025-06-23T12:34:30.000Z
Chart EUR/PLN Update: Cautious trade
Senior Technical Strategist
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Little change, as prices extend cautious trade within the 4.2650 - 4.2800 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3175 | ** | 76.4% ret of 2024-2025 fall | S1 | 4.2650 | * | break level | |
| R3 | 4.3100 | * | 16 Apr YTD high | S2 | 4.2500 | * | congestion | |
| R2 | 4.3000 | * | break level | S3 | 4.2350 | * | congestion | |
| R1 | 4.2800 | ** | congestion | S4 | 4.2200/55 | ** | 50% ret; 9 Apr (w) low |
Asterisk denotes strength of level
13:20 BST - Little change, as prices extend cautious trade within the 4.2650 - 4.2800 range. Daily readings are mixed/negative and broader weekly charts are under minor pressure, highlighting room for a test below support at 4.2650. Focus will then turn to congestion around 4.2500. But rising longer-term charts should limit any deeper losses in renewed buying interest above critical support at 4.2200/55. Meanwhile, a close above 4.2800 will improve sentiment and open up 4.3000.