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EURPLN Falls Back Into Its LT Upward Trending Channel

POLAND
  • USDPLN ticks lower this morning after finding resistance at the 4.40 level; ST support to watch on the downside stands at 4.2940. On the topside; next level to watch above 4.40 stands at 4.45.
  • EURPLN continues to retrace lower this morning, entering back its LT upward trending channel. ST support to watch on the downside stands at 4.70, followed by 4.6810 (61.8% Fibo retracement of the 4.4830 – 5.00 range

Source: Bloomberg/MNI

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