EUR/PLN may fall 133 - 200 pips

4.3522 is our pivot point.

Our preference

As long as 4.3522 is resistance look for 4.3181.

Alternative scenario

Above 4.3522, look for 4.3634 and 4.3701.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (4.3376) but under its 50 period moving average (4.3397).

Supports and resistances

4.3701 **

4.3634 *

4.3522 **

4.3478

4.3381 last

4.3248

4.3181 **

4.3115 *

4.3048 **

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