EUR/PLN may fall to 4.1173 - 4.1644

Our pivot point is at 4.3323.

Our preference

The downside prevails as long as 4.3323 is resistance.

Alternative scenario

Above 4.3323, look for 4.4117 and 4.4589.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 4.3111 and 4.2945).

Supports and resistances

4.4589 **

4.4117 *

4.3323 **

4.3012

4.2650 last

4.1644

4.1173 **

4.0703 *

4.0232 **

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