EUR/PLN may rise to 4.3401 - 4.3623

Our pivot point stands at 4.2586.

Our preference

The upside prevails as long as 4.2586 is support.

Alternative scenario

The downside breakout of 4.2586 would call for 4.2215 and 4.1994.

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 4.2851 and 4.2835).

Supports and resistances

4.4065 **

4.3844 *

4.3623 **

4.3401

4.2923 last

4.2731

4.2586 **

4.2215 *

4.1994 **

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