EUR/PLN may rise 119 - 170 pips

4.2962 is our pivot point.

Our preference

As long as 4.2962 is support look for 4.3225.

Alternative scenario

Below 4.2962, expect 4.2875 and 4.2824.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (4.3062) but above its 50 period moving average (4.3032).

Supports and resistances

4.3328 **

4.3276 *

4.3225 **

4.3174

4.3055 last

4.2996

4.2962 **

4.2875 *

4.2824 **

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