EUR/PLN may rise 88 - 131 pips

Our pivot point is at 4.2584.

Our preference

The upside prevails as long as 4.2584 is support.

Alternative scenario

Below 4.2584, expect 4.2513 and 4.2471.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.2645 and 4.2657). Finally, the EUR/PLN is trading above its upper Bollinger band (standing at 4.2670).

Supports and resistances

4.2892 **

4.2850 *

4.2808 **

4.2765

4.2677 last

4.2612

4.2584 **

4.2513 *

4.2471 **

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