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EURPLN Breaks Above LT Upward Trending Channel

POLAND
  • USDPLN has been retracing sharply higher this week, breaking above the 4.30 level this morning; next resistance to watch on the topside stands at 4.40. On the downside, first support to watch stands at 4.30, followed by 4.2470.
  • EURPLN broke above its upward trending channel this week to trade at its highest level since February 2009. Next resistance to watch on the topside stands at 4.9310 (Feb 20 2009 high). On the downside, support t watch stands at 4.70.

Source: Bloomberg/MNI

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