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Bear Flattening Consolidated

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Recap: TYX2 110.00/114.00 Strangle Blocked

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EURPLN Approaching 50DMA Resistance

POLAND
  • USDPLN has been trending higher in the past week amid strong USD; ST resistance to watch on the topside stands at 4.6660. On the downside, support to watch stands at 4.59 (50DMA).
  • EURPLN has been trending higher this week following the surge in risk aversion and the weaker-than-expected economic data; ST resistance to watch on the topside stands at 4.72 (50DMA). On the downside, key support stands at 4.6540 (200DMA).

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  • USDPLN has been trending higher in the past week amid strong USD; ST resistance to watch on the topside stands at 4.6660. On the downside, support to watch stands at 4.59 (50DMA).
  • EURPLN has been trending higher this week following the surge in risk aversion and the weaker-than-expected economic data; ST resistance to watch on the topside stands at 4.72 (50DMA). On the downside, key support stands at 4.6540 (200DMA).