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EURPLN Testing Its 100DMA Support

POLAND
  • USDPLN has been retracing slightly higher this week, currently trading above the 4.07 level; resistance to watch on the topside stands at 4.10. On the downside, first support stands at 4.0480, followed by 4.0220.
  • EURPLN has been testing its 100DMA (4.5930) in recent days, a break below that level would open the door for a move down to 4.5710 (200DMA). On the topside, resistance to watch stands at 4.6180 (50DMA).
  • Poland 10Y yield has been consolidating slightly lower in the past few days; ST support to watch on the downside stands at 3%. On the topside, first resistance stands at 3.31%, followed by 3.43%.

Source: Bloomberg/MNI

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