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EURPLN Rejects 38.2% Fibo Resistance

POLAND
  • USDPLN continues to retrace lower this morning after falling below the 4.70 support yesterday. Next level to watch on the downside stands at 4.6650. On the topside, resistance to watch above 4.70 stands at 4.80.
  • EURPLN ticks lower this morning after finding resistance slightly below the 4.8030 level, which corresponds to the 38.2% Fibo retracement of the 4.4830 – 5.0010 range. ST support to watch on the downside stands at 4.7420 (50% retracement). On the topside, resistance to watch above 4.8030 stands at 4.8430.

Source: Bloomberg

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