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EUR/PLN Breaks Key Topside Resistance (4.5085) Encapsulating Feb Lateral Range

  • EUR/PLN trading higher at the open looking for more topside traction above key 4.5085 resistance level encapsulating the 01-24 Feb range.
  • Internal ructions within the PiS party becoming more apparent, while covid cases drift higher and restrictions tighten, despite high vaccination rates.
  • Spot has now drifted beyond the 50dma (4.5093) and will be biased higher if we see a close above today, having decisively rejected the 200dma.
  • Res1: 4.5179, Res2: 4.5272, Sup1: 4.5085, Sup2: 4.5035
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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