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EURPLN Stabilizes Around 4.70

POLAND
  • USDPLN has been retracing higher in recent days after finding support at 4.20 last week. Resistance to watch on the topside stands at 4.3080. On the downside, support to watch below 4.20 stands at 4.12 (50DMA).
  • EURPLN stabilizes around 4.70 after consolidating sharply from its historical high reached on March 7 (EURPLN hit a high of 5). ST support to watch on the downside stands at 4.6570, followed by 4.6220 (50DMA). On the topside, resistance to watch stands at 4.7560.

Source: Bloomberg/MNI

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