EUR/PLN may rise 119 - 151 pips

Our pivot point stands at 4.3294.

Our preference

The upside prevails as long as 4.3294 is support.

Alternative scenario

Below 4.3294, expect 4.3240 and 4.3208.

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 4.3259 and 4.3217).

Supports and resistances

4.3551 **

4.3519 *

4.3487 **

4.3455

4.3336 last

4.3315

4.3294 **

4.3240 *

4.3208 **

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