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Momentum on EURPLN Remains Firm

POLAND
  • USDPLN ticks lower this morning after finding resistance at 4.4940 yesterday. ST support to watch on the downside stands at 4.40. On the topside, resistance to watch above 4.4940 stands at 4.5440.
  • GBPPLN keeps reaching new highs this morning after breaking above its 200DMA yesterday; next ST resistance to watch stands at 5.5220 (100DMA). On the downside, support to watch below 5.4810 (200DMA) stands at 5.40.
  • PLNJPY ticks higher this morning after finding support slightly above the 30 level; ST resistance to watch on the topside stands at 30.70. On the downside, support to watch below 30 stands at 29.78.
  • CZKPLN has been trending higher this week, currently trading slightly above the psychological 0.19 level. Next resistance to watch on the topside stands at 0.1917. On the downside, support to watch below 0.19 stands at 0.1885 (100DMA).
  • PLNHUF has been retracing higher in recent days after finding support slightly above the 84 level; ST resistance to watch on the topside stands at 86. On the downside, support to watch below 84 stands at 83.31 (50DMA).
  • EURPLN has been trending higher this week after finding support at its 200DMA (4.6280) and is currently trading above the 4.70 level. Next resistance to watch on the topside stands at 4.7450. On the downside, support to watch below 4.70 stands at 4.6540 (100DMA).

Source: Bloomberg/MNI

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