- Long wick formations on hourly candles on the downside indicate rejections at lows are pushing prices higher
- EUR/PLN is currently trading at 4.1181, with the day's high by 4.1252 and low by 4.1044
- Daily price action since Friday remains within the cloud, suggests bearish continuation pattern
- We prefer selling rallies, but caution advised as daily Stochs are well below 20, at oversold levels
R1: 4.1300 (23.6% Fibo 4.2400-4.0960)
R2: 4.1480 (10-Day MA)
R3: 4.1635 (200-Day MA)
Support Levels:
S1: 4.0960 (Daily Low Jul 17)
S2: 4.0375 (Daily Low May 19)
S3: 4.0224 (61.8% Fibo 3.9670-4.120)
