Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/PLN extends pullback after rejection at 4.2586, good to short rallies

  • EUR/PLN extends pullback after rejection at 4.2586 levels on Oct 2nd, down for the 4 consecutive session

  • Dailies confirming weakness and have room for a deeper corrections, scope for 4.2220 21DMA initially

  • Daily Stochs and RSI are biased lower, breaks below Daily Kijun at 4.2203 could see the pair at 4.20 levels (near cloud top)

  • EUR/PLN is currently trading at 4.2220, with resistance at 4.2277 (Daily Low Sep 30) and support at 4.2203 (Daily Kijun)
Recommendation: Good to short rallies around 4.2250, SL: 4.2355, TP: 4.2080

Resistance Levels:

R1: 4.2277 (Daily Low Sep 30)

R2: 4.2297 (38.2% Fibo 4.1816-4.2595)

R3: 4.2332 (Daily Tenkan)

Support Levels:

S1: 4.2203 (Daily Kijun)

S2: 4.2077 (Sept 25 lows)

S3: 4.2046 (Cloud base)

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.