EUR/PLN may fall 72 - 105 pips

Our pivot point stands at 4.3058.

Our preference

Eye 4.2899.

Alternative scenario

Above 4.3058, look for 4.3114 and 4.3147.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.3003 and 4.3002).

Supports and resistances

4.3147 **

4.3114 *

4.3058 **

4.3036

4.3004 last

4.2932

4.2899 **

4.2866 *

4.2832 **

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