FxWirePro: EUR/PLN rejected at highs, breaks below 4.2770 could take the pair to 4.2580 levels

EUR/PLN is currently trading at 4.2802, slightly lower from session highs at 4.2852.

• The pair was rejected at 4.2917 on Tuesday, but still hovers near nine-month highs of 4.2939 hit on 22nd Oct
   
• Converging 10 DMA and Tenkan at 4.2770 on 4 hourly charts seen as strong support for EUR/PLN, breaks below could take the pair to 4.2580 (trendline support)
   
• On the upside resistance is seen at 4.2852 (seesion highs) ahead of 4.2917 (Oct 27 highs) and further above at 4.2926 (Oct 21 high)
   

Recommendation: Good to go short only below 4.2770, SL: 4.2920, TP: 4.2580

Resistance Levels:

R1: 4.2852 (session highs) 
R2: 4.2917 (Oct 27 highs) 
R3: 4.2926 (Oct 21 high)

Support Levels:

S1: 4.2770 (Converging 10 DMA and Tenkan at 4.277 on 4 hourlies)
S2: 4.2580 (trendline support)
S3: 4.2532 (10-Day MA)