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EURPLN Finds Support Below The 4.70 Level

POLAND
  • USDPLN has been retracing lower since the start of the week, gradually approaching its 4.60 support; a break below that level would open the door for a move down to 4.5140. On the topside, resistance to watch stands at 4.70.
  • EURPLN has been retracing sharply lower in the past week and found support slightly below the 4.70 level before edging higher. ST support to watch on the downside stands at 4.68 (100DMA, 61.8%); a break below that level would open the door for a move down to 4.6450 (200DMA). On the topside, resistance to watch stands at 4.7430.

Source: Bloomberg

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