EUR/PLN may fall to 4.1737 - 4.2030

Our pivot point stands at 4.3066.

Our preference

The downside prevails as long as 4.3066 is resistance.

Alternative scenario

Above 4.3066, look for 4.3558 and 4.3851.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4.2907 and 4.2945).

Supports and resistances

4.3851 **

4.3558 *

4.3066 **

4.2873

4.2660 last

4.2030

4.1737 **

4.1445 *

4.1152 **

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