EUR/PLN is neutral

Our pivot point is at 4.3476.

Our preference

Technical rebound towards 4.3476 before a new drop.

Alternative scenario

Above 4.3476, look for 4.3972 and 4.4267.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (4.2930) but under its 50 period moving average (4.2982).

Supports and resistances

4.4267 **

4.3972 *

4.3476 **

4.3281

4.2948 last

4.2328

4.2034 **

4.1739 *

4.1445 **

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