EUR/PLN may rise 93 - 135 pips

Our pivot point stands at 4.2754.

Our preference

The upside prevails as long as 4.2754 is support.

Alternative scenario

The downside breakout of 4.2754 would call for 4.2683 and 4.2640.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.2786 and 4.2809). Finally, the EUR/PLN is trading above its upper Bollinger band (standing at 4.2861).

Supports and resistances

4.3097 **

4.3055 *

4.3012 **

4.2970

4.2877 last

4.2782

4.2754 **

4.2683 *

4.2640 **

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