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EURPLN Approaching 4.70 Resistance

POLAND
  • USDPLN ticks lower this morning after finding a local high at 4.4980 earlier; ST support to watch on the downside stands at 4.40. On the topside, resistance to watch stands at 4.5270.
  • EURPLN has been retracing higher this week, breaking above the 100DMA at 4.6560. Next ST resistance to watch on the topside stands at 4.70, followed by 4.7280. On the downside, key support to watch stands at 4.6230 (200DMA).

Source: Bloomberg

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