EUR/PLN may rise 229 - 277 pips

Our pivot point is at 4.2920.

Our preference

The upside prevails as long as 4.2920 is support.

Alternative scenario

The downside breakout of 4.2920 would call for 4.2839 and 4.2791.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.2948 and 4.2911).

Supports and resistances

4.3366 **

4.3318 *

4.3269 **

4.3221

4.2992 last

4.2951

4.2920 **

4.2839 *

4.2791 **

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