EUR/PLN may rise to 4.4241 - 4.4725

Our pivot point stands at 4.2481.

Our preference

As long as 4.2481 is support look for 4.4725.

Alternative scenario

The downside breakout of 4.2481 would call for 4.1671 and 4.1189.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.3198 and 4.2991).

Supports and resistances

4.5693 **

4.5209 *

4.4725 **

4.4241

4.3246 last

4.2800

4.2481 **

4.1671 *

4.1189 **

Number of asterisks represents the strength of support and resistance levels.