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EURPLN Continues To Trade At The Low Of Its LT Upward Trending Channel

POLAND
  • USDPLN ticks lower this morning after finding a local high at 3.9880 yesterday; ST resistance to watch on the topside stands at 4, followed by 4.03 (50DMA, 100DMA). On the downside, support to watch stands at 3.9270 (200DMA).
  • EURPLN ticks lower this morning after retracing sharply higher yesterday; the pair continues to trade at the low of its LT upward trending channel. Key support to watch on the downside stands at 4.49. On the topside, first resistance stands at 4.53, followed by 4.5680 (200DMA).

Source: Bloomberg

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