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EURPLN Approaching 4.7420 Resistance

POLAND
  • USDPLN has been trending higher in the past week, gradually approaching its ST resistance at 4.5440; a break above that level would open the door for a move up to 4.60. On the downside, support to watch stands at 4.4820, followed by 4.4070 (50DMA).
  • EURPLN has been retracing higher this week, currently trading slightly below its ST resistance at 4.7230. Next level to watch on the topside stands at 4.7420 (50% retracement of 4.4830 – 5.00 range). On the downside, support to watch stands at 4.70.

Source: Bloomberg/MNI

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