EUR/PLN may rise 103 - 155 pips

Our pivot point is at 4.2834.

Our preference

The upside prevails as long as 4.2834 is support.

Alternative scenario

Below 4.2834, expect 4.2748 and 4.2696.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.2831 and 4.2854). Finally, the EUR/PLN has crossed above its upper Bollinger band (4.2891).

Supports and resistances

4.3161 **

4.3110 *

4.3059 **

4.3007

4.2904 last

4.2867

4.2834 **

4.2748 *

4.2696 **

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