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EURPLN Rejects 50DMA Support

POLAND
  • USDPLN ticks lower this morning after finding a local high at 4.4840 earlier; ST support to watch on the downside stands at 4.3970 (50DMA). On the downside, support to watch stands at 4.4940.
  • EURPLN continues to retrace lower this morning and tested its 50DMA support earlier before edging back higher, currently trading slightly above its 100DMA; next level to watch on the downside remains at 4.65 (50DMA). On the topside, resistance to watch stands at 4.70.

Source: Bloomberg

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