Published: 2025-07-17T11:41:20.000Z
Chart EUR/PLN Update: Potential for a test lower
Senior Technical Strategist
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Little change, as prices extend cautious trade above congestion support at 4.2500
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 4.3100 | ** | 16 Apr YTD high | S1 | 4.2500 | * | congestion | |
| R3 | 4.3000 | * | break level | S2 | 4.2350 | * | congestion | |
| R2 | 4.2800 | ** | congestion | S3 | 4.2200/55 | ** | 50% ret; 9 Apr (w) low | |
| R1 | 4.2650 | * | break level | S4 | 4.2000 | ** | congestion |
Asterisk denotes strength of level
12:20 BST - Little change, as prices extend cautious trade above congestion support at 4.2500. Daily readings are coming under pressure, and broader weekly charts are falling, highlighting room for a break beneath here. Focus will then turn to further congestion around 4.2350. But a close below 4.2200/55 is needed to turn sentiment negative and complete a multi-week distribution pattern, as April losses then focus on 4.2000. Meanwhile, a break back above resistance at 4.2650 will target congestion around 4.2800, where fresh selling interest is expected to appear.