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EURPLN Falls Below 4.7420 Support

POLAND
  • USDPLN ticks higher this morning after finding support slightly above the 4.62 level last week; ST resistance to watch stands at 4.70. On the downside, support to watch below 4.62 stands at 4.60.
  • EURPLN ticks lower this morning, breaking below its 4.7420 support, which corresponds to the 50% retracement of the 4.4830 – 5.0020 range. Next level to watch on the downside stands at 4.70. On the topside, resistance to watch stands at 4.7770.

Source: Bloomberg

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